Trump claims' no intention of firing Fed Chairman Powell ', market sentiment rebounds

Odaily Planet Daily News: US President Trump said at the White House on Tuesday that although he hopes the Fed will be more aggressive in cutting interest rates, he has "no plans to fire" current Fed Chairman Jerome Powell. Trump had previously strongly criticized Powell on social media, stating that "the sooner he resigns, the better," and expressed his intention to dismiss Powell. The related remarks once triggered market turbulence. Trump's latest statement has significantly boosted market sentiment, with the US dollar and stock futures rising and gold falling. Analysts point out that Trump's easing of attitude towards the Federal Reserve and tariff policies may be aimed at stabilizing the market and avoiding greater economic turbulence amid global trade tensions. (Wall Street Journal)