RawDiary

Trump Pulls Back on Powell Firing Threat: Markets Rally

President Trump reined in his threat to fire Fed Chair Jerome Powell after earlier heavy criticism spooked markets. The move calmed investors and reversed a steep market plunge, marking a major policy pivot.

24 Hours President Trump eased market fears by backing off his threat to fire Fed Chair Powell, sparking a rapid rebound in stock prices+State Department shakeups led by Rubio signal an aggressive cut in bureaucratic bloat+Trump also promises that China tariffs will drop substantially, hinting at easing trade tensions+Elon Musk is scaling back his DOGE duties as Tesla battles a steep 71% profit plunge+Immigration wins emerged as international students secured court victories while ICE raids detain day laborers+Gun violence remains in focus with survivors preparing to confront shooters and settlements reached in Uvalde+In the international arena, Russia–Ukraine diplomacy shows unexpected shifts amid allegations of Chinese involvement+The Supreme Court is poised to allow parental opt-outs for LGBTQ school books, and environmental efforts intensify as the EPA demands a 100% fix for Tijuana River sewage+Additional headlines cover judicial convictions, an alarming measles outbreak in Texas, and a federal ban on synthetic food dyes aimed at safeguarding public health.

Number 71% - Tesla Q1 profit plunge underscores dramatic market challenges

Quote ‘I have no intention of firing Jerome Powell,’ — President Trump