Markets Rebound As Trump Assures No Plans To Fire Powell: Live Updates
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Trump Affirms No Plans to Fire Powell, Markets Rally
Above: US President Donald Trump speaks during a swearing-in ceremony for Paul Atkins, chairman of the US Securities and Exchange Commission (SEC) in the Oval Office of the White House in Washington, D.C. on April 22, 2025. Image copyright: Bonnie Cash/Contributor/UPI/Bloomberg via Getty Images
The Spin
Anti-Trump narrative
The last thing America needs right now is a reckless power struggle at the heart of its economy. As Trump’s public feud with Fed Chair Powell intensifies, markets are growing more jittery, inflation risks continue to rise, and tariffs have already caused major disruptions for businesses. In a time of rising uncertainty, what we desperately need is stability — not a political showdown.
Pro-Trump narrative
Jerome Powell is playing politics with the economy — again. Despite inflation easing and prices dropping, he’s refusing to cut rates. It’s clear he’s standing in the way of President Trump’s plans to bring back prosperity. President Trump may not be able to fire Powell — but if he could, he absolutely should. The Fed needs a leader focused on growth, not on sabotaging the President.
Anti-China narrative
Trump's attacks on Fed Chair Powell aren't just shaking U.S. markets — they're making China look stronger. As the dollar weakens and long-term borrowing costs rise, global investors are questioning America's stability. Undermining the Fed now risks not just inflation — but U.S. credibility on the world stage.