Trump, Powell and Fed
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Trump and White House allies have intensified pressure on Powell, urging the Fed to cut its key interest rate through a multi-front push.
The stock market does not want Donald Trump to fire Jerome Powell.
Trump was speaking to reporters about Russian President Vladimir Putin when a cameraman spotted his hand and zoomed in for a closer look. White House Press Secretary Karoline Leavitt told the Daily Beast that the bruise is due to the president’s serial handshaking.
Stock futures were mostly higher early Thursday as the market continued to shake off fears that President Donald Trump could fire Federal Reserve Chair Jerome Powell. Futures on the Dow Jones Industrial Average slipped 31 points,
Japan's exports fell for a second straight month as sweeping U.S. tariffs took a toll on the country's manufacturers, and Canadian retailer Alimentation Couche-Tard pulled its $47 billion bid to buy Seven & i Holdings, citing a lack of constructive engagement by the Japanese retailer.
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Once again, Donald Trump is dancing with the idea of trying to fire Fed Chair Jerome Powell - a move economists say would shake global markets and could unleash economic chaos. Plus - Trump directly attacks his own base over the Epstein backlash.
The Wall Street Journal editorial board on Wednesday urged President Trump not to follow through on his threat to fire Federal Reserve Chair Jerome Powell, warning the consequences would be worse
Investors await Japan’s trade figures, Singapore’s non-oil domestic exports, as well as Australia’s employment report for June.