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International Business Times
International Business Times
Business

Asian Markets Mostly Up As Trump Soothes Fed Fears

Donald Trump US Federal Reserve United States China Scott Bessent
Trump's comments that US tariffs on China were "very high" and would "come down substantially" boosted Wall Street (Credit: AFP)

Asian markets were mixed on Thursday after President Donald Trump said he had "no intention" of firing the US central bank head and made conciliatory comments on his trade war with China.

Trump's attacks on the Federal Reserve for not cutting interest rates had raised fears that he would fire its "Mr. Too Late" chief Jerome Powell, in a major blow to its independence.

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International Business Times UK
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