‘Sell America’ Trade Picks Up After New Trump Threats on Fed
Podcast: WSJ What’s NewsPublished On: Mon Apr 21 2025
Description: P.M. Edition for April 21. U.S. markets were on edge about President Trump's tariff war as well as his threats to fire Federal Reserve chief Jerome Powell. Stocks fell, the dollar hit fresh multiyear lows against major currencies, and yields on longer-term Treasurys rose. Plus, U.S. megabanks are built for business from all corners of the globe. Heard on the Street columnist Telis Demos says that will become tougher in a deglobalized world. And cryptocurrency is pushing deeper into the banking system; banking reporter Gina Heeb has the scoop on the crypto firms planning to apply for bank charters or licenses. Pierre Bienaimé hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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