U.S. stock futures soared on April 22, 2025, following President Trump's announcement that he has 'no intention' of firing Federal Reserve Chair Jerome Powell before the end of his term next year, alleviating market uncertainty.
President Trump's recent remarks have calmed market anxieties regarding the Federal Reserve's leadership. Trump stated, 'I have 'no intention' of firing Federal Reserve Chair Jerome Powell.' This statement marks a shift from his recently ramped-up rhetoric against Powell, during which he declined to rule out the possibility of firing him. Investors interpreted Trump's softened stance as a signal of stability, especially in light of ongoing trade talks and economic concerns. The markets had previously reacted negatively to the uncertainty surrounding Powell's position, fearing potential disruptions to monetary policy. Experts predict that this reassurance could lead to a period of sustained growth, contingent on continued positive developments in trade negotiations and consistent Fed policy.