💨 Abstract

President Donald Trump's comments about potentially firing Federal Reserve Chair Jerome Powell caused initial market volatility. Despite an early drop, U.S. stock indices recovered, with the S&P 500, Dow, and Nasdaq each rising slightly, roughly around 0.3-0.5%. While Trump later downplayed the likelihood talking of removal, concerns remain that such a move could destabilize the Fed's independence and weaken its inflation control.

Courtesy: WTOP Staff