US Stock Market Live: Dow futures down 450 points; Trump says Powell termination 'cannot come fast enough'

US Stock Market Live: Dow futures have seen a very sharp reversal from the highs after US President Donald Trump targeted Fed Chair Jerome Powell for refusing to cut rates. Dow futures are now down 300 points, which were up 300 points just a few minutes earlier. However, the S&P 500 and Nasdaq futures are still up 30 and 170 points respectively. Watch this space for all the live updates.

US Stock Market Live: Dow futures have seen a very sharp reversal from the highs after US President Donald Trump targeted Fed Chair Jerome Powell for refusing to cut rates. Dow futures are now down 450 points, which were up 300 points just a few minutes earlier. However, the S&P 500 and Nasdaq futures are still up 30 and 170 points respectively. At an event on Wednesday, Fed Chair Jerome Powell said that the Fed will await greater clarity on tariffs before determining any policy stance. He also said that Trump's tariff policies could slow growth and raise inflation. He also said that this could increase the Fed's dilemma in balancing growth or controlling inflation. Trump, on Truth social has said that Powell's termination "could not come fast enough." European markets are lower as well this afternoon. Watch this space for all the Live updates.