Eurozone Stocks Extend Losses, Germany's DAX Index Drops 4% at One Point

On April 18th, according to the WSJ: Sources say that Trump privately discussed firing the Fed Chairman Powell. Trump has also discussed replacing Powell with former Fed Governor Kevin Warsh.

On April 18th, following a series of insults directed at Federal Reserve Chairman Powell, when asked by reporters, U.S. President Trump also declined to express that he regretted nominating Powell for the position. Trump stated, "I consider him to be terrible, yet I cannot complain." He pointed out that the economy was extremely robust during his first term. Then, Trump continued to grumble about Powell, asserting that he believes the Fed chair is "engaging in politics" and stating that Powell is "not someone I have ever held in high regard." (FXStreet)

On April 18, U.S. stocks continued to show an upward trend. The S&P 500 Index increased by 1%, the Nasdaq rose by 0.6%, while the Dow, which had been in a losing position earlier, narrowed its losses by 0.6%. (FXStreet)

On April 18th, President Trump of the US said, "I believe that Powell will eventually reduce interest rates. The only thing that Powell is proficient at is cutting interest rates."

On April 18th, President Trump of the United States said, "The costs have decreased and there is no inflation! The Federal Reserve has the duty to cut rates for Americans. Powell is going to be under significant political pressure."

April 18: During a conversation regarding Powell, U.S. President Trump stated, "He ought to reduce interest rates. If Europe cuts interest rates, it will place us at a disadvantage."