US EditionStocks gain after Trump soothes Fed independence worries
- Donald Trump made statements Tuesday tempering fears about firing the Federal Reserve chair and slashing China tariffs.
- Market fears arose from concerns about Trump potentially removing Jerome Powell and the ongoing US-China trade war.
- Trump denied firing Jerome Powell but suggested lowering rates and said China tariffs would drop substantially.
- Trump stated, "I have no intention of firing him," as Asian stocks rallied 1.7 percent.
- Global markets rallied significantly, including US stocks, providing relief to concerned investors.
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128 Articles
128 Articles
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26
Center
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Ottumwa Courier+2 Reposted by 2 other sources
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%…
Trump influences markets: Dollars and stocks fluctuate
Donald Trump influences the financial markets with his statements on the US Federal Reserve. After initial panic, stock prices recovered. Monetary policy uncertainty remains high, while Trump urges an agreement in the customs dispute with China.
·Munich, Germany
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Coverage Details
Total News Sources128
Leaning Left26Leaning Right13Center33Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 36%
C 46%
R 18%
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