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Investors continued offloading US assets as the Trump administration seeks a way to dismiss Federal Reserve Chair Jerome Powell. Trump has demanded rate cuts, referring to Powell as “a major loser” in a social media post. The US dollar weakened to a three-year low.View on euronews

(Bloomberg) -- Iron ore resumed its decline on concerns that US President Donald Trump’s trade war could hurt global economic growth. Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Gives New York ‘One Last Chance’ to End Congestion FeeTrump Administration Takes Over New York Penn Station RevampThe Racial Wealth Gap Is Not Just About MoneyNashville’s $3 Billion Transit Plan Brings a Call for Zoning ReformThe steelmaking ingredient fell as much as

Oil prices bounced back as equity markets staged a recovery on Tuesday, though concerns persist over economic headwinds from tariffs and U.S. monetary policy that could dampen fuel demand. "The daily fluctuations in Brent crude oil prices have been quite well aligned with fluctuations in equity prices," said SEB analyst Bjarne Schieldrop. U.S. stock index futures rose on Tuesday, bouncing back after losses in the previous session when President Donald Trump repeated his criticism of Federal Reserve Chair Jerome Powell and said the U.S. economy could slow unless interest rates were lowered immediately.

Trump ramped up the pressure on Jerome Powell on Monday, calling the Fed Chair "Mr. Too Late" and a "major loser" on Truth Social.

In his latest criticism of the Federal Reserve, President Donald Trump said there is "virtually no inflation," but central bankers could beg to differ.

(Bloomberg) -- Never miss an episode. Follow The Big Take daily podcast today.Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Gives New York ‘One Last Chance’ to End Congestion FeeTrump Administration Takes Over New York Penn Station RevampThe Racial Wealth Gap Is Not Just About MoneyNashville’s $3 Billion Transit Plan Brings a Call for Zoning ReformPresident Trump’s attacks on Federal Reserve Chair Jerome Powell just keep comingToday on the Big

Bordetsky, who joined VC firm NEA in 2021, has backed startups including Perplexity and Ceramic AI.