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Wall Street jumps at open after Trump softens rhetoric on China and Fed chair

  • US stock markets made significant gains on Wednesday.
  • Investors responded to encouraging updates from President Trump and Treasury Secretary Scott Bessent.
  • Trump stated he would not attempt to fire the Federal Reserve chairman.
  • Treasury Secretary Scott Bessent called the trade war "unsustainable."
  • The S&P 500 stock index rose 2.5 percent.
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Trump administration seeks to de-escalate trade war with China

President Donald Trump and his administration ease their tough talk on tariffs and criticism of the Federal Reserve.

·New Hampshire, United States
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  • 55% of the sources are Center
55% Center
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Forbes broke the news in United States on Wednesday, April 23, 2025.
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