Stocks gain after Trump soothes Fed independence worries
- President Trump denied Tuesday he plans to fire Federal Reserve Chair Jerome Powell.
- This followed market fears he might remove Powell for not cutting interest rates.
- Treasury Secretary Scott Bessent expects de-escalation soon in the China tariff standoff.
- Trump stated, "I have no intention of firing him."
- Asian and US markets rallied Wednesday on the comments.
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Left
27
Center
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Stock market today: Markets bounce after Trump says he won't try to fire Fed Chair Powell
U.S. markets are poised to open with big gains, a clear sign of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve. Futures for the Dow Jones Industrial Average jumped 1.9%…
Coverage Details
Total News Sources160
Leaning Left27Leaning Right20Center37Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 32%
C 44%
R 24%
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