President Trump initially threatened to fire Federal Reserve Chair Jay Powell but later stated he has no intention of doing so. He expressed a desire for lower interest rates but acknowledged that Powell's potential inaction wouldn't necessarily lead to termination. Trump also signaled a potential softening of his trade stance with China, suggesting tariffs could be reduced if a deal is reached.
Trump initially threatened to fire Fed Chair Powell.
Trump later stated he has no intention of firing Powell.
Trump wants lower interest rates.
Trump suggested tariffs on China could be reduced if a deal is reached.
President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell despite his frustration with the central bank not moving more quickly to slash interest rates.2) President Donald Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal, a sign he may be backing down from his tough stance on Beijing amid market volatility.3) Elon Musk vowed to pull back “significantly” from his work with the US government and pay more mind to Tesla Inc., assuaging investors concerned about the carmaker’s worst quarter in years.