President Trump’s potential firing of Fed Chair Jerome Powell is gaining momentum, with reports from CBS News, Bloomberg, CNBC, and The New York Times fueling speculation. The dollar took a hit in the foreign exchange market, dropping against major currencies. Trump’s criticism of Powell’s rate cuts continues, with Wall Street seeing it as a move to support tariffs. The Supreme Court’s ruling may complicate any attempt to remove Powell.

Read more at Yahoo Finance: Dow, S&P 500, Nasdaq end higher after Trump’s Powell talk sparks volatile trading