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Trump shifts to friendlier tone for Fed’s Powell: ‘I have no intention of firing him’ - MarketWatch

1. Trump no longer plans to fire Fed Chair Powell. 2. He suggests it's a good time to lower interest rates. 3. Previous tough rhetoric caused a stock market tumble. 4. DJIA rebounded 2.66% after Tuesday's remarks. 5. Hassett indicated ongoing discussion on Powell's position.

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FAQ

Why Bullish?

Trump's supportive tone towards Powell decreases market uncertainty. Historically, Fed stability often boosts investor confidence.

How important is it?

The stability of the Federal Reserve is crucial for market confidence and economic predictions, influencing DJIA heavily.

Why Short Term?

Immediate sentiment shift was observed with DJIA's 2.66% bounce. This reaction typically lasts until new economic data or Fed decisions emerge.

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