Odaily News U.S. President Donald Trump said at the White House on Tuesday that while he would like the Fed to be more aggressive in cutting interest rates, he has "no intention of firing" current Federal Reserve Chairman Jerome Powell.
Trump had previously fiercely criticized Powell on social media, saying "the sooner he leaves, the better" and expressed his intention to remove Powell. The relevant remarks once caused market turmoil. Trump's latest statement has significantly warmed up market sentiment, with the US dollar and US stock futures rising and gold falling.
He also revealed that the current 145% tariff on Chinese goods is "very high" and is expected to "drop significantly," but not to zero. Analysts pointed out that Trump's easing of the Fed's attitude towards tariff policy may be aimed at stabilizing the market and avoiding greater economic turmoil amid global trade tensions. (The Wall Street Journal)