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Fortune

Paolo Confino

Markets have a frenzied day on rumors Trump might fire Jerome Powell

Jerome Powell Donald Trump US Federal Reserve White House

President Donald Trump (Credit: Celal Gunes/Anadolu via Getty Images)

Wednesday saw stocks plummet early in the session when it seemed like Federal Reserve chair Jerome Powell’s firing was imminent. Once President Donald Trump denied the rumor, stocks climbed.

Markets went on a rollercoaster ride Wednesday over the will-he-won’t-he prospect President Donald Trump would try to fire Federal Reserve Jerome Powell.

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France protests live: Over 150 people arrested in Paris as police fire tear gas at protesters

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The Independent UK

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The Independent UK

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

With U.S. debt above $40 trillion, the IMF chief warns that economic growth alone won’t solve the problem

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