RawDiary

Trump: No Firing Powell—Fed Stays in Charge

In a high-stakes move to calm jittery markets, President Trump declared he has no intention of firing Federal Reserve Chair Jerome Powell, a pronouncement that reassures investors and curbs fears of further monetary instability

24 Hours President Trump reassures investors by backing Fed Chair Powell and quelling rumors of a leadership shakeup at the central bank + China tariffs are set for a major cut amid looming U-turns in trade policy + Rubio launches a comprehensive State Department overhaul aimed at slashing bureaucratic bloat and reworking diversity measures + Immigration enforcement intensifies as judges block ICE removals and silence persists over detained Venezuelans + A landmark defamation ruling clears Sarah Palin while a California judge faces conviction for murder + Global leaders mobilize for Pope Francis’ funeral as world pivots in mourning + Elon Musk signals a reduction in his DOGE involvement amid Tesla profit dives + RFK Jr. targets synthetic food dyes in a bid to cleanse America’s food supply + New Jersey wildfires engulf thousands of acres prompting massive evacuations + The IMF warns of slowing growth in Asia and escalating US economic risks + SCOTUS sides with parents in a contentious battle over LGBTQ themed school books + The FDA moves to phase out harmful food dyes to protect public health

Number 400 - Dow futures surge 400 points after Trump reassurances

Quote “There is no plan to fire Powell and the markets will stabilize” — Donald Trump