JUST IN: ๐บ๐ธ President Donald Trump says he has no plan to fire Federal Reserve Chair Jerome Powell, easing immediate fears of political interference at the central bank.
Markets have been on edge amid speculation about tensions between the White House and the Fed, with investors closely watching any signals that could threaten the Fedโs independence. Trumpโs latest remarks appear aimed at calming those concernsโat least for now.
๐ Why this matters:
โข The Fedโs independence is critical for market confidence
โข Any move against the Fed Chair could trigger sharp volatility in stocks, bonds, and the dollar
โข Powell remains in charge of guiding rate policy amid inflation and economic uncertainty
๐ Market takeaway:
Short-term relief for markets, but investors will continue to monitor rhetoric vs. actions as rate-cut expectations and political pressure remain in focus.
