Dollar hits 3-year low, Dow slips 2% as Fed’s independence escalates

President Trump's attacks on Fed Chairman Powell and trade tensions are fueling market uncertainty, causing the US dollar to plummet and gold prices to surge. US stock markets experienced significant losses, with the Dow, Nasdaq, and S&P 500 all declining. Investors are increasingly concerned about the stability of the US economy, shifting towards safe-haven assets and European markets.