Trump was warned of financial turmoil if he fired Powell. Now, his U-turn has stocks roaring higher
- Posted on April 23, 2025
- By CNN
- 2 Views
Trump was warned of financial turmoil if he fired Powell. Now, his U-turn has stocks roaring higher
President Donald Trump’s recent attacks on Federal Reserve Chair Jerome Powell caused alarm among some of his top advisers, who warned him that any attempt to remove the head of the central bank could cause as much market turmoil as his ongoing trade war, according to people familiar with the conversations.
