Market Volatility as Trump Denies Plans to Fire Fed Chair Powell

Reported 1 day ago

Markets experienced fluctuation on Wednesday after President Trump dismissed reports suggesting he was poised to fire Federal Reserve Chair Jerome Powell. Initial stock declines followed a White House source's claim about Trump's intentions, but losses were mitigated when the president stated it was 'highly unlikely' he would remove Powell, highlighting the uncertainty surrounding his decision-making and its potential impact on financial markets.

Source: YAHOO

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