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Stock impact report

Dollar sell-off over Trump's Fed criticism continues 4:05pm EDT [Reuters]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: Reuters
Dollar sell-off over Trump's Fed criticism continues | Reuters 3 Min Read NEW YORK (Reuters) - The sell-off of the dollar continued through Tuesday, following U.S. President Donald Trump’s criticism of the chairman of the Federal Reserve for raising interest rates in an interview with Reuters on Monday. Trump told Reuters that he was “not thrilled” with Jerome Powell’s rate hikes and said the U.S. central bank should do more to help him to boost the economy. Trump’s comments come as the market prepares for the release of Federal Reserve policy meeting minutes on Wednesday and the annual Jackson Hole symposium for insights into the direction of U.S. monetary policy, which will feature a speech by Powell on Friday. “Although it’s premature to say that the Fed is going to be listening to (Trump’s interest-rate comments), it is having the effect of profit-taking on the dollar by dollar bulls,” said Samarjit Shankar, director of global strategy at BNY Mellon in New York. U.S. presidents ra Show less Read more
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