CBS News logo
Boston Herald logo
CNN logo
19 articles
·2M

Market Relief as Trump Reaffirms Support for Powell Amid Trade War Easing

Trump reassures markets by stating he won't fire Powell, boosting investor confidence and causing significant rallies on Wall Street and in Asia.


Overview

A summary of the key points of this story verified across multiple sources.

President Trump has calmed markets by declaring he has no intention of firing Federal Reserve Chair Jerome Powell, following warnings from advisers about potential market turmoil. This announcement, paired with insights from Treasury Secretary Scott Bessent about an impending de-escalation of trade tensions with China, led to a surge in U.S. stock futures. The Dow futures rose by 1.9%, while S&P 500 and Nasdaq futures increased by 2.6% and 3%, respectively. International markets also rallied, although the IMF has downgraded global growth forecasts to 2.8%, raising long-term concerns about economic stability.

Content generated by AI—learn more or report issue.

Pano Newsletter

Get both sides in 5 minutes with our daily newsletter.

Analysis

Compare how each side frames the story — including which facts they emphasize or leave out.

Trump's fluctuating stance and recent backing off threats against Powell indicate a worrying pattern of interference in the Federal Reserve’s operations, further politicizing monetary policy.

Market volatility reflects the dangers of Trump's public criticisms of Powell, reinforcing fears about the politicization of the Fed and its effect on investor confidence.

Powell's commitment to maintaining Fed independence is crucial for economic stability, especially in light of persistent pressure from the president.

Articles (19)

Compare how different news outlets are covering this story.

LeftCenterRight
The Guardian
The Guardian
Al Jazeera
CNN
CNN
NPR
USA TODAY
ABC News
CBS News
CBS News
Associated Press
BBC News
Boston Herald
Boston Herald
Newsmax
Breitbart News
Breitbart News
Daily Caller
Epoch Times
Global Stocks, Dollar Gain as Trump Backtracks on Fed
NewsmaxNewsmax·2M·
Right
This outlet favors right-wing views.

No highlight available for this article.

Trump Has No Plans to Fire Fed Chair Jerome Powell
Breitbart NewsBreitbart News·2M·
Right
This outlet favors right-wing views.

No highlight available for this article.

Trump Announces Fed Chair Jerome Powell Will Stay Put
Daily CallerDaily Caller·2M·
Right
This outlet favors right-wing views.

No highlight available for this article.

FAQ

A list of follow-up questions readers often ask about this story.

History

A summary of how this story has evolved over the last 24 hours.

  • 2M
    The Guardian logo
    ABC News logo
    Newsmax logo
    16 articles
  • 2M
    BBC News logo
    Al Jazeera logo
    Epoch Times logo
    13 articles
  • 2M
    The Guardian logo
    Boston Herald logo
    NPR logo
    7 articles