Fed, Trump and Jerome Powell
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Wall Street appears calm after President Donald Trump walked back his earlier threats to fire Federal Reserve Chair Jerome Powell. Futures for the S&P 500 were unchanged before the opening bell Thursday,
The White House is looking for any possible way to discredit Jerome Powell right now," said Stephen Moore, an informal Trump economic adviser.
The president keeps threatening to fire Jerome Powell. There are reasons beyond market reaction why he might regret following through.