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Julie Biel
Trader on CNBC's Fast Money.
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Apr 21, 2025
• 26min
US Stocks Slump as Trump’s Threat to Fire Powell Adds Pressure
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Julie Biel, Chief Market Strategist & Portfolio Manager at Kayne Anderson Rudnick, dives into the impact of Donald Trump's comments on Fed Chair Jay Powell and the subsequent market turmoil. She discusses the significant 3% drop in major stock indexes and the weakening dollar index. Biel emphasizes the fragility of the Federal Reserve's independence amid political pressures while exploring how tariff talks are influencing investor sentiment. She offers insights on long-term investment strategies and the importance of resilience in market decisions.
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