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Trump Backs Powell, Aims to Calm Market Fears

4/23/2025

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Summary

Story summary

On April 22, 2025, President Donald Trump calmed jittery investors by pledging not to dismiss Federal Reserve Chair Jerome Powell. He urged Powell to take bold action on interest rates, reflecting a growing frustration that had previously rattled U.S. financial markets. Trump's remarks aimed to restore confidence amid uncertainty.

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Story summary

On April 22, 2025, President Donald Trump calmed jittery investors by pledging not to dismiss Federal Reserve Chair Jerome Powell. He urged Powell to take bold action on interest rates, reflecting a growing frustration that had previously rattled U.S. financial markets. Trump's remarks aimed to restore confidence amid uncertainty.