Stocks are expected to rise after Donald Trump’s visit to the Federal Reserve, where he indicated he won’t fire Chair Jerome Powell but urged for interest rate cuts. Dow Jones futures were up 0.1%, S&P 500 futures rose 0.1%, and Nasdaq 100 contracts remained flat after hitting record highs.

Trump stated he didn’t believe firing Powell was necessary, but emphasized his goal of pushing for interest rate cuts. However, the argument for lower rates weakened as Labor Department data revealed a decrease in initial jobless claims last week. The pressure on the central bank to lower borrowing costs persists.

Read more at Dow Jones & Company: Stock Futures Edge Up as Investors Assess Trump’s Fed Visit