Markets have a frenzied day on rumors Trump might fire Jerome Powell Stocks plummeted when a series of reports indicated president Donald Trump was close to firing the Fed chair. They soared once he denied them. Fortune · Jul 16, 2025
Trump Blames Biden for Appointing 'Terrible' Jerome Powell. Trump Appointed Powell in 2017 In Trump's latest tirade against Fed Reserve Chair Jerome Powell, he blamed Biden for Powell's appointment—despite Trump himself nominating Powell in 2017. Latin Times · Jul 16, 2025
Stock Market Today: Powell Rumors Spark Volatile Day for Stocks Stocks sold off sharply intraday after multiple reports suggested President Trump is considering firing Fed Chair Jerome Powell. Kiplinger · Jul 16, 2025
Dollar Falls Back on Apparent Trial Balloon for Firing Fed Chair Powell The dollar index (DXY00 ) on Wednesday rallied to a 3-week high but then backed off and ended the day down -0.21%. The dollar sold off on Wednesday after President Trump appeared to float another trial balloon regarding the potential firing of Fed Chair Powell. Mr. Trump suggested to House... Barchart · Jul 16, 2025
Bitcoin, Ethereum, XRP, Dogecoin Bounce Back As Bulls Take Control Again? Cryptocurrency markets are trading higher on Wednesday after President Trump dismissed rumors that he may remove Federal Reserve Chair Jerome Powell from his post. Benzinga · Jul 16, 2025
Trump won't rule out sacking Powell as Jamie Dimon works to shield the Fed chair Trump has listened to Dimon in the past, notably a famous Fox Business interview with Maria Bartiromo. Fortune · Jul 16, 2025
Trump repudiates draft letter to fire US Fed chair Powell Trump acknowledged discussing firing Powell with Republicans but denied a letter had been drafted to do that. Al Jazeera · Jul 16, 2025
Gold, Bitcoin Surge As Trump Eyes Powell Ouster: What's Moving Markets Wednesday? Volatility surged across interest rate-sensitive assets Wednesday after reports circulated that President Donald Trump may be preparing to remove Federal Reserve Chair Jerome Powell from his post. The rumors sparked fears over the Fed's independence, triggering a broad flight to gold and a sell-off in the U.S. dollar. Benzinga · Jul 16, 2025
Disappointed by the Fed? Watch These 3 Stock Charts Instead. These stocks are technically strong, and could get even stronger. Barchart · Jul 16, 2025
Trump Says Not Firing Fed Chair -- But Not Ruling Out US President Donald Trump said Wednesday that he was not currently planning to fire Federal Reserve Chair Jerome Powell, but added that he did not rule it out. International Business Times · Jul 16, 2025
Donald Trump To Fire Jerome Powell? Polymarket Traders Say 'No, But...' Wagers on the decentralized predictions platform Polymarket suggest a growing belief that Donald Trump may move to oust Federal Reserve Chair Jerome Powell, with traders assigning a 22% probability to the scenario playing out by the end of 2025. Benzinga · Jul 16, 2025
Trump privately indicates he may soon fire Fed chair Jerome Powell The US president denies he would dismiss the Federal Reserve head after reportedly drafting letter to sack him The Guardian - US · Jul 16, 2025
London stocks slip after reports that Trump will fire Federal Reserve boss The FTSE 100 index closed down 11.77 points, 0.1%, at 8,926.55. Evening Standard · Jul 16, 2025
Trump’s Epstein tirade, Fed chair threats drown out Vance’s ‘big’ bill sales pitch - Roll Call Vice President Vance went to Pennsylvania to sell Republicans' tax law, but President Trump stole the show with more Oval Office theatrics. Roll Call · Jul 16, 2025
Latin Times · Jul 16, 2025 Trump Reportedly Moving To Fire Fed Chair Jerome Powell President Donald Trump is moving to fire Federal Reserve chair Jerome Powell, according to different reports
Barchart · Jul 16, 2025 Stocks Pressured by Chip-Stock Sell-off and Increased Talk about Powell Firing The S&P 500 Index ($SPX ) (SPY ) today is down -0.07%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.30%. September E-mini S&P futures (ESU25 ) are down -0.03%, and September E-mini Nasdaq futures...
Benzinga · Jul 16, 2025 ETF Playbook For Bank Earnings: Big Bets On Goldman, Morgan Stanley, BofA While the market absorbs a mixed bag of inflation reports and Fed projections, focus is shifting back to earnings, beginning with the largest banks. Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and Bank of America (NYSE:BAC) reported on Wednesday and their figures have the financial sector cheering.
Barchart · Jul 16, 2025 Dollar Rallies to 3-week High The dollar index (DXY00 ) is up +0.22% today. The dollar index is seeing some technical buying as it extends its two-week rally to post a 3-week high. Bullish factors for the dollar include safe-haven demand amid weakness in stocks and a stronger-than-expected US industrial production report. Bearish factors today...
Barchart · Jul 16, 2025 Stocks See Support from Favorable PPI Report The S&P 500 Index ($SPX ) (SPY ) today is up +0.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.14%. September E-mini S&P futures (ESU25 ) are up +0.15%, and September E-mini Nasdaq futures...
Reason · Jul 16, 2025 Inflation Rises, Tariffs to Blame Plus: Zohran Mamdani's brilliant plan, Google monopoly claims fall flat, and more...
The Independent UK · Jul 16, 2025 US producer prices unchanged with wholesale inflation remaining under control U.S. wholesale inflation cooled last month, despite worries that President Donald Trump’s tariffs would push prices higher
Kiplinger · Jul 16, 2025 Callable CDs Have High Rates: We Still Don't Recommend You Get Them Investors must carefully consider the trade-offs, as falling interest rates could lead to reinvestment at a lower yield and make selling on the secondary market difficult.
Fortune · Jul 16, 2025 Stocks sell off as investors see Trump's inflation 'pipeline' forcing the Fed to hold off on interest rate cuts It's not clear whether Trump can extract himself from the policy cycle he has created.
Benzinga · Jul 16, 2025 US Futures Trade Mixed As June Inflation Ticks Up: ASML, Morgan Stanley, Goldman Sachs, BofA Earnings In Focus U.S. stock futures swung between gains and losses on Wednesday after ending on a mixed note on Tuesday. Futures of major benchmark indices were mixed.
Barchart · Jul 16, 2025 S&P Futures Muted With Focus on Key U.S. PPI Data and More Big Bank Earnings, Fed Speak on Tap September S&P 500 E-Mini futures (ESU25) are trending down -0.09% this morning as investors digest the latest tariff headlines, while also awaiting crucial U.S. producer inflation data, quarterly reports from more big banks, and remarks from Federal Reserve officials.