Reported 1 day ago
President Trump recently stated he has 'no intention of firing' Federal Reserve Chair Jerome Powell, contradicting his previous comments where he called Powell a 'major loser' and suggested his 'termination cannot come fast enough.' This shift comes amid ongoing pressure from Trump for the Fed to lower interest rates, a move Powell has been cautious about. Markets reacted positively to the news, despite the underlying tensions between Trump and Powell over monetary policy and Fed independence.
Source: YAHOO