Overview

• Major U.S. stock indexes fell over 3% on Monday, with the Dow losing more than 1,200 points, as investors reacted to Trump's renewed attacks on Powell.
• The U.S. dollar hit a three-year low, while gold surged to a record high above $3,400 an ounce as investors sought safe-haven assets.
• Trump’s public threats to fire Powell, despite legal barriers, have heightened fears over the Federal Reserve’s autonomy and credibility.
• White House economic adviser Kevin Hassett confirmed that the administration is studying the legality of removing Powell, sparking further uncertainty.
• The ongoing trade tensions between the U.S. and China, combined with monetary policy disputes, have exacerbated market volatility and economic concerns.