Trump will not fire Fed Chair Powell and is considering reducing tariffs on Chinese goods.

From Investing.com: 2025-04-23 05:40:00

President Trump stated that he has no plans to fire Fed Chair Powell and is open to reducing tariffs on Chinese goods. This news led to a rebound in the dollar and Wall Street, with gold prices decreasing. S&P Global PMIs are in focus today to gauge the impact of recent tariff-related developments on the economy. Despite the positive market reaction, investors are still pricing in interest rate cuts by the end of the year, indicating ongoing concerns about a potential recession. While Wall Street showed gains yesterday, caution remains as the market could be swayed by any new developments in the ongoing trade conflict with China.



Read more at Investing.com: Trump Walks Back Fed Attack, Says China’s Tariffs Will Drop