MSNBC anchor touts 'girl power' around market plunge: 'We didn’t see this when Janet Yellen was' fed chair

MSNBC anchor Stephanie Ruhle weighed in on the stock market's historic plunge on Monday, stating “we didn't see this when Janet YellenJanet Louise YellenTrump puts hopes for Fed revolution on unconventional candidate Fed chief basks in bipartisan praise as lawmakers dismiss Trump attacks New bill will get the labor market running on all cylinders MORE” was Federal Reserve chairwoman during the network's coverage of the market's wild ride on Tuesday morning.

The perspective comes one day after Jerome Powell, 65, was sworn as Yellen's replacement on Monday morning as the 16th chair of the central bank. 

On the same day, the Dow Jones industrial average dropped 1,175 points, or 4.6 percent, to 24,346, the largest single-day drop in points in the Dow's history. The Nasdaq Composite also dropped 3.8 percent.

ADVERTISEMENT

Ruhle welcomed CNBC business reporter Jo Ling Kent to “Velshi & Ruhle” on MSNBC shortly after 9 a.m. to discuss what may be next for the market after Monday's tumultuous trading session. 

Kent attributed the falling markets to anxiety on Wall Street that the strong economy will lead the Federal Reserve to raise interest rates. The Fed has signaled three hikes this year.

“What we’re seeing here is some mechanical trading, some [exchange-traded funds] action there, but we’re also seeing shifts in the economy right now that indicate the economy is heating up, so Wall Street will be looking at those interest rates,” Kent said. “The new Federal Reserve chairman, Jerome Powell, was sworn in yesterday, and some investors aren’t sure how much he is going to be raising rates and that of course would make stocks a whole lot less attractive, Steph.”

“You know, I like to tout a lot of girl power here," Ruhle responded. "I’m just going to say we didn’t see this when Janet Yellen was in that seat."

“The sell-off on Wall Street is posing a real issue for Donald TrumpDonald John TrumpCould Donald Trump and Boris Johnson be this generation's Reagan-Thatcher? Merkel backs Democratic congresswomen over Trump How China's currency manipulation cheats America on trade MORE. Remember, this guy and his entire administration has spent the last year cheerleading the markets. Cheerleading. That is dangerous behavior, particularly in recent weeks,” she added. 

Markets have been volatile again on Tuesday, with the Dow at one point moving from a 500-point loss to a gain of more than 300 points. 

Trump has repeatedly touted the rising stock market as a testament to a strong U.S. economy under his presidency.

“The stock market has smashed one record after another, gaining $8 trillion in value,” the president said during his first State of the Union address on Jan. 30. “That is great news for Americans’ 401k, retirement, pension, and college savings accounts.”

Since Trump's stunning victory over Hillary ClintonHillary Diane Rodham ClintonPoll: Majority of Democratic voters happy with their choices among 2020 contenders No presidential candidate can unite the country GOP lawmakers speak out against 'send her back' chants MORE on Nov. 8, 2016, the Dow had gained 45 percent until Jan. 26, when it closed at 26,392.79, but has lost more than 2,000 points since. 

Trump has not spoken publicly about the recent turbulence, though the White House in a statement released Monday downplayed it and pointed to strong economic fundamentals.