RawDiary

Trump Eases Fury on Fed: Powell Stays Put

In a decisive move that calmed jittery markets, President Trump announced he has no plans to fire Federal Reserve Chairman Jerome Powell. His assurance of continuity in US monetary policy has helped stabilize investor sentiment while critics question future fiscal strategy.

24 Hours President Trump reassures markets by keeping Fed boss Powell in place + Trade tensions are easing as hints of a U-turn on China tariffs emerge, while Treasury warns of unsustainable trade wars + The Russia-Ukraine conflict intensifies with deadly drone strikes and bus attacks + Iran reprises familiar nuclear negotiation tactics amid fresh US sanctions + Immigration controversies persist with surprise deportation notices and ICE raids targeting day laborers + High-profile legal battles, including the Lori Vallow Daybell conviction and a Sarah Palin defamation ruling, underscore a turbulent judicial landscape + Corporate sectors face turmoil as Tesla profits plunge 71% and Intel announces major workforce cuts + Environmental crises continue with wildfires forcing evacuations and new research linking nanoplastics to strokes + Global events include dropping asylum applications in Austria and an earthquake near a proposed nuclear site in Australia

Number 71% - Tesla Q1 profit plunge

Quote “I'm not firing Powell. The stability of our markets and the future of our economy depend on it.” — Donald Trump