Fed, Trump and Powell
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Trump, Supreme Court
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President Donald Trump said Wednesday it’s “highly unlikely” that he’ll fire Federal Reserve Chair Jerome Powell after signaling otherwise a day earlier in a private meeting with lawmakers.
President Donald Trump denied that he plans to fire Federal Reserve Chairman Jerome Powell, contradicting a senior White House official. House Republicans said Trump spoke about the plan Tuesday night.
Wall Street appears calm after President Donald Trump walked back his earlier threats to fire Federal Reserve Chair Jerome Powell.
U.S. stocks clawed back into positive territory on Wednesday after President Donald Trump swiftly denied reports of a Federal Reserve shakeup, calling it "highly unlikely" he would fire Chair Jerome Powell - just moments after reports suggested otherwise.