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Trump backs off on Jerome Powell, says he has 'no intention' of firing the Fed chair

1. Trump doesn't plan to fire Fed Chair Powell despite interest rate frustrations. 2. Stock futures and the dollar rose after Trump's reassuring comments. 3. Tariffs on China may decrease according to Trump's recent statements. 4. Concerns over Trump's tensions with Powell stir investor anxiety. 5. Market watchers suggest Trump may blame the Fed for recession risks.

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FAQ

Why Bullish?

Trump’s intention not to fire Powell could stabilize markets. Historically, uncertainty during leadership changes often leads to market volatility.

How important is it?

Market sentiment is prone to shift based on comments from prominent figures like Trump; hence, his remarks have substantial short-term consequences.

Why Short Term?

Immediate market reactions to Trump's comments may diminish as economic conditions evolve. Past instances show that short-term sentiments can fluctuate with prevailing economic indicators.

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