President Trump says it's unlikely he'll fire Jerome Powell
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After asking a group of House Republicans on Tuesday if he should fire Federal Reserve Chair Jerome Powell, President Trump on Wednesday said it's unlikely Powell will be fired and he'll wait until the Fed chair's term is up next year.
Trump and White House allies have intensified pressure on Powell, urging the Fed to cut its key interest rate through a multi-front push.
The Fed's independence is key for dollar stability. Firing Powell and tariff-driven policies could impact inflation, interest rates, and markets. Click for more.
Trump was speaking to reporters about Russian President Vladimir Putin when a cameraman spotted his hand and zoomed in for a closer look. White House Press Secretary Karoline Leavitt told the Daily Beast that the bruise is due to the president’s serial handshaking.
Treasury yields were steadier Thursday — but higher — after President Donald Trump suggested he might move to fire Federal Reserve Chair Jerome Powell, before backing off. No matter how the "Powell saga ends,
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Stock futures were mostly higher early Thursday as the market continued to shake off fears that President Donald Trump could fire Federal Reserve Chair Jerome Powell. Futures on the Dow Jones Industrial Average slipped 31 points,
Japan's exports fell for a second straight month as sweeping U.S. tariffs took a toll on the country's manufacturers, and Canadian retailer Alimentation Couche-Tard pulled its $47 billion bid to buy Seven & i Holdings, citing a lack of constructive engagement by the Japanese retailer.
For about an hour on Wednesday, it seemed as though President Donald Trump would try to fire Federal Reserve Chairman Jerome Powell. Before Trump denied the reports, the yield on the 10-year Treasury note climbed by about 5 basis points,