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President Trump says he has no plans to fire Federal Reserve Chair Jerome Powell,
Today Top 3 Viral Coins watch these closely
calming markets after days of heavy tension and nonstop rumors. Investors were bracing for shock, but this statement instantly reduced fear around the Fed’s independence and policy direction.
This matters because Powell has been under intense pressure over interest rates, inflation, and the economy. Any move to remove him could have shaken confidence in the dollar, bonds, and stocks. By stepping back, Trump signals stability at a very sensitive time for markets.
Still, the story is not over. Trump continues to push for rate cuts and has openly criticized Powell before. So while firing is off the table for now, the power struggle between politics and central banking is far from finished — and markets are watching every word closely.