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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Asian shares are mostly higher after Trump says he discussed firing Fed Chair Powell

Financial Markets Wall Street - (Copyright 2025 The Associated Press. All rights reserved.)

World shares were mostly higher Thursday while U.S. futures were mixed after President Donald Trump rocked Wall Street by saying he had “talked about the concept of firing” the head of the Federal Reserve, but was unlikely to do so.

Removing Fed Chair Jerome Powell might help Wall Street get the lower interest rates investors love but would also risk a weakened Fed unable to make the unpopular moves needed to keep inflation under control.

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