{"id":9450,"date":"2025-04-23T10:40:34","date_gmt":"2025-04-23T14:40:34","guid":{"rendered":"https:\/\/greatamericanewsdesk.com\/?p=9450"},"modified":"2025-04-23T11:37:14","modified_gmt":"2025-04-23T15:37:14","slug":"trump-backs-off-powell-firing-talk-as-markets-rally","status":"publish","type":"post","link":"https:\/\/greatamericanewsdesk.com\/economics\/trump-backs-off-powell-firing-talk-as-markets-rally\/phouck\/2025\/04\/","title":{"rendered":"Trump Backs Off Powell Firing Talk As Markets Rally"},"content":{"rendered":"\n<p>President Donald Trump made clear he has &#8220;no intention&#8221; of dismissing Federal Reserve Chair Jerome Powell, despite recent public criticisms that had unsettled financial markets. Tuesday&#8217;s clarification comes after Trump had labeled Powell a <a href=\"https:\/\/www.businessinsider.com\/trump-backs-off-firing-jerome-powell-markets-rally-2025-4\" target=\"_blank\" rel=\"noreferrer noopener\">&#8220;major loser&#8221;<\/a> and suggested his &#8220;termination cannot come fast enough.&#8221;<\/p>\n\n\n\n<p>The president\u2019s assurance appeared to calm investor fears about the central bank\u2019s independence, triggering <a href=\"https:\/\/www.cnbc.com\/2025\/04\/22\/stock-market-today-live-updates.html\" target=\"_blank\" rel=\"noreferrer noopener\">a significant market rebound Tuesday that extended into Wednesday morning<\/a>.<\/p>\n\n\n\n<p>The S&amp;P 500 rose by 3%, and the Nasdaq increased by 3.7%, reflecting investor relief over the reduced likelihood of political interference with the Federal Reserve. European markets also responded positively, with the Stoxx Europe 600 up 1.9% and Germany\u2019s DAX gaining 2.8%.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"400\" src=\"https:\/\/greatamericanewsdesk.com\/wp-content\/uploads\/2025\/04\/iStock-1289819603-600x400.jpg\" alt=\"\" class=\"wp-image-9451\" srcset=\"https:\/\/greatamericanewsdesk.com\/wp-content\/uploads\/2025\/04\/iStock-1289819603-600x400.jpg 600w, https:\/\/greatamericanewsdesk.com\/wp-content\/uploads\/2025\/04\/iStock-1289819603-300x200.jpg 300w, https:\/\/greatamericanewsdesk.com\/wp-content\/uploads\/2025\/04\/iStock-1289819603-768x512.jpg 768w, https:\/\/greatamericanewsdesk.com\/wp-content\/uploads\/2025\/04\/iStock-1289819603-1536x1024.jpg 1536w, https:\/\/greatamericanewsdesk.com\/wp-content\/uploads\/2025\/04\/iStock-1289819603-2048x1365.jpg 2048w, https:\/\/greatamericanewsdesk.com\/wp-content\/uploads\/2025\/04\/iStock-1289819603-630x420.jpg 630w, https:\/\/greatamericanewsdesk.com\/wp-content\/uploads\/2025\/04\/iStock-1289819603-640x427.jpg 640w, https:\/\/greatamericanewsdesk.com\/wp-content\/uploads\/2025\/04\/iStock-1289819603-681x454.jpg 681w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/figure>\n<\/div>\n\n\n<p>Despite the president&#8217;s recent criticisms, including calls for more aggressive interest rate cuts, Trump emphasized that <a href=\"https:\/\/www.politico.com\/news\/2025\/04\/22\/trump-fed-powell-inflation-tariffs-00305251\" target=\"_blank\" rel=\"noreferrer noopener\">he never intended to remove Powell from his position<\/a>. He expressed a desire for the Fed to act more decisively in lowering interest rates but acknowledged Powell&#8217;s role would continue until his term concludes in May 2026.<\/p>\n\n\n\n<p>\u201cI would like to see him be a little more active in terms of his idea to lower interest rates\u2026but, no, I have no intention to fire him,\u201d Trump told reporters in the Oval Office, <a href=\"https:\/\/www.wsj.com\/politics\/elections\/trump-says-he-has-no-intention-of-firing-fed-chair-powell-eda4c6a7\" target=\"_blank\" rel=\"noreferrer noopener\">according to a report from The Wall Street Journal<\/a>:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>U.S. stock futures and the dollar&nbsp;<a href=\"https:\/\/www.wsj.com\/livecoverage\/stock-market-trump-tariffs-trade-war-04-22-25?mod=article_inline\" target=\"_blank\" rel=\"noreferrer noopener\">rallied following Trump\u2019s remarks<\/a>. Gold futures dropped, pulling back from record highs.<\/p>\n\n\n\n<p>Trump\u2019s softer tone on Powell came after&nbsp;<a href=\"https:\/\/www.wsj.com\/economy\/central-banking\/trump-powell-fed-interest-rate-48ced029?mod=article_inline\" target=\"_blank\" rel=\"noreferrer noopener\">he lashed out<\/a>&nbsp;at the Fed chair, writing on social media last week, \u201cPowell\u2019s termination cannot come fast enough!\u201d<\/p>\n\n\n\n<p>But on Tuesday, Trump played down recent comments by&nbsp;Kevin Hassett, the director of the National Economic Council, that the administration was studying whether the president could fire Powell.<\/p>\n\n\n\n<p>\u201cThis is a perfect time to lower interest rates. If he doesn\u2019t, is it the end? No. It\u2019s not,\u201d Trump said.<\/p>\n<\/blockquote>\n\n\n\n<p>Trump also addressed trade policy, signaling that tariffs on Chinese goods \u2014 currently set at 145% \u2014 could be \u201csubstantially\u201d reduced, though not fully eliminated. The hint at a possible easing of trade tensions, combined with his reaffirmation of the Fed\u2019s independence, fueled the global market rebound. <strong>(RELATED: <a href=\"https:\/\/americanliberty.news\/economics\/trump-softens-tariff-stance-on-china\/phouck\/2025\/04\/\" target=\"_blank\" rel=\"noreferrer noopener\">Trump Softens Tariff Stance On China<\/a>)<\/strong><\/p>\n\n\n\n<p>While the immediate market reaction has been positive, analysts warn that ongoing tensions between the Trump administration and the Federal Reserve \u2014 along with the prospect of slow-moving trade negotiations between the world\u2019s two largest economies \u2014 could continue to weigh on financial markets in the weeks and months ahead.<\/p>\n\n\n\n<p><strong>READ NEXT: <a href=\"https:\/\/americanliberty.news\/government\/palins-lawsuit-dismissed-again-third-defeat-reaffirms-new-york-times-is-not-liable\/phouck\/2025\/04\/\" target=\"_blank\" rel=\"noreferrer noopener\">Jury Issues Decisive Verdict In Onetime Republican Star\u2019s Years-Long Legal Battle<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump made clear he has &#8220;no intention&#8221; of dismissing Federal Reserve Chair Jerome Powell, despite recent public criticisms that had unsettled financial markets. Tuesday&#8217;s clarification comes after Trump had labeled Powell a &#8220;major loser&#8221; and suggested his &#8220;termination cannot come fast enough.&#8221; The president\u2019s assurance appeared to calm investor fears about the central [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":9452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1342,1345,1348],"tags":[238,8,1698,1700,358,1661,1699,1697],"class_list":["post-9450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","category-finance","category-government","tag-china","tag-donald-trump","tag-federal-reserve","tag-jerome-powell","tag-stock-market","tag-trade-war","tag-u-s-economy","tag-united-states"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Backs Off Powell Firing Talk As Markets Rally - Great America News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/greatamericanewsdesk.com\/economics\/trump-backs-off-powell-firing-talk-as-markets-rally\/phouck\/2025\/04\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Backs Off Powell Firing Talk As Markets Rally - Great America News Desk\" \/>\n<meta property=\"og:description\" content=\"President Donald Trump made clear he has &#8220;no intention&#8221; of dismissing Federal Reserve Chair Jerome Powell, despite recent public criticisms that had unsettled financial markets. Tuesday&#8217;s clarification comes after Trump had labeled Powell a &#8220;major loser&#8221; and suggested his &#8220;termination cannot come fast enough.&#8221; The president\u2019s assurance appeared to calm investor fears about the central [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/greatamericanewsdesk.com\/economics\/trump-backs-off-powell-firing-talk-as-markets-rally\/phouck\/2025\/04\/\" \/>\n<meta property=\"og:site_name\" content=\"Great America News Desk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-23T14:40:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-23T15:37:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/greatamericanewsdesk.com\/wp-content\/uploads\/2025\/04\/The_White_House_-_54421119847-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Patrick Houck\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Patrick Houck\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/greatamericanewsdesk.com\/economics\/trump-backs-off-powell-firing-talk-as-markets-rally\/phouck\/2025\/04\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/greatamericanewsdesk.com\/economics\/trump-backs-off-powell-firing-talk-as-markets-rally\/phouck\/2025\/04\/\"},\"author\":{\"name\":\"Patrick Houck\",\"@id\":\"https:\/\/greatamericanewsdesk.com\/#\/schema\/person\/da3547d70af46808f0d814d8d1f126bb\"},\"headline\":\"Trump Backs Off Powell Firing Talk As Markets Rally\",\"datePublished\":\"2025-04-23T14:40:34+00:00\",\"dateModified\":\"2025-04-23T15:37:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/greatamericanewsdesk.com\/economics\/trump-backs-off-powell-firing-talk-as-markets-rally\/phouck\/2025\/04\/\"},\"wordCount\":438,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/greatamericanewsdesk.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/greatamericanewsdesk.com\/economics\/trump-backs-off-powell-firing-talk-as-markets-rally\/phouck\/2025\/04\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/greatamericanewsdesk.com\/wp-content\/uploads\/2025\/04\/The_White_House_-_54421119847-scaled.jpg\",\"keywords\":[\"China\",\"Donald Trump\",\"Federal Reserve\",\"Jerome Powell\",\"Stock Market\",\"Trade War\",\"U.S. Economy\",\"United States\"],\"articleSection\":[\"Economics\",\"Finance\",\"Government\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/greatamericanewsdesk.com\/economics\/trump-backs-off-powell-firing-talk-as-markets-rally\/phouck\/2025\/04\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/greatamericanewsdesk.com\/economics\/trump-backs-off-powell-firing-talk-as-markets-rally\/phouck\/2025\/04\/\",\"url\":\"https:\/\/greatamericanewsdesk.com\/economics\/trump-backs-off-powell-firing-talk-as-markets-rally\/phouck\/2025\/04\/\",\"name\":\"Trump Backs Off Powell Firing Talk As Markets Rally - 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