Optimism over a potential interest rate cut fueled a stock market surge on Tuesday. The Dow rallied in response, signaling renewed confidence among investors, who are closely watching monetary policy shifts.

Former President Donald Trump has unleashed a scathing attack on Federal Reserve Chairman Jerome Powell, calling him “very dumb” and “hardheaded.” In his tirade, Trump is urging the Federal Reserve to implement a substantial three-point reduction in its benchmark interest rate.