Markets React Cautiously to Trump-Powell Tensions
TL;DR Summary
U.S. Treasury yields increased after President Trump denied plans to fire Federal Reserve Chair Jerome Powell, causing initial market volatility that was later reversed following Trump's comments, amid ongoing economic data releases.
- Treasury yields rise as Trump denies plans to fire Fed Chair Powell CNBC
- Trump Has Penned Letter To Fire Fed Chair Jerome Powell The New York Times
- How markets might react to a Powell firing Axios
- Asian Stocks Waver at Open After Trump-Powell Saga: Markets Wrap Bloomberg.com
- Investors become inured to policy whiplash, Powell headlines cause limited reaction Reuters
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