Back to today’s briefing

Story perspectives

Stocks Surge as Trump Backs Fed Chair Powell

7/16/2025

33 7

Summary

Story summary

Stocks are rebounding as President Trump deems it "highly unlikely" to fire Fed Chair Powell.
The Dow shows gains, while the S&P 500 remains stable and Nasdaq Composite dips by 0.1%.
Trump addressed Powell's job security with House Republicans, linking it to a renovation project.
The dollar and bond markets are also strengthening, highlighting market responsiveness to presidential actions.

1 of 1

Story summary

Stocks are rebounding as President Trump deems it "highly unlikely" to fire Fed Chair Powell.
The Dow shows gains, while the S&P 500 remains stable and Nasdaq Composite dips by 0.1%.
Trump addressed Powell's job security with House Republicans, linking it to a renovation project.
The dollar and bond markets are also strengthening, highlighting market responsiveness to presidential actions.