Back to today’s briefing

Story perspectives

Trump Vows Support for Fed Chair Amid Market Turmoil

4/25/2025

42 9

Summary

Story summary

President Trump reassured that he will not fire Federal Reserve Chair Jerome Powell, responding to market instability.
His earlier criticisms of Powell and the Fed's independence triggered major sell-offs in stocks and bonds.
Analysts caution that politicizing the Fed may destabilize the global economy and threaten the dollar's status as the reserve currency.

1 of 1

Story summary

President Trump reassured that he will not fire Federal Reserve Chair Jerome Powell, responding to market instability.
His earlier criticisms of Powell and the Fed's independence triggered major sell-offs in stocks and bonds.
Analysts caution that politicizing the Fed may destabilize the global economy and threaten the dollar's status as the reserve currency.