Stocks wobble, dollar tips as Trump-Fed feud deepens
Reuters·2026-01-12 03:01

Core Viewpoint - The dollar declined and U.S. equity futures fell following comments from Federal Reserve Chair Jerome Powell regarding threats from the Trump administration, raising concerns about the independence of the central bank [1] Group 1: Market Reactions - S&P 500 futures decreased by 0.5% [1] - European futures dropped by 0.1% during the Asia morning session [1] - The dollar fell approximately 0.2% against most major currencies, trading below 158 yen and at $1.1660 per euro [1]