Consumer Cos Down After Trump Criticism of Powell -- Consumer Roundup

Dow Jones

Apr 22, 2025

Consumer companies declined as President Trump frightened investors with a social-media attack on Federal Reserve Chairman Jerome Powell.

Trump's pressure on Powell to cut interest rates could backfire if the Fed were to hold off on cuts in order to avoid the appearance of impropriety, said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.

Shoe maker Crocs could double prices of some shoes due to tariffs, putting some of its product lines at risk, warned Sam Poser, an analyst at trading firm Williams.

Burrito chain Chipotle Mexican Grill plans to launch in Mexico as part of international-expansion efforts.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

April 21, 2025 17:19 ET (21:19 GMT)

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