Trump Softens Tariff Threats, Eases Fed Chair Firing Rumors

April 23, 2025, 8:20 am

President Trump shifted gears by suggesting potential tariff cuts on Chinese imports while backing off his earlier, more bombastic rhetoric about firing Federal Reserve Chair Jerome Powell. The relaxed tone helped calm jittery markets, as futures rallied and gold slipped, defusing fears of erratic policy moves.

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zerohedge.com / Futures Surge After Trump Tones Down Rhetoric On China, Powell

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reuters.com/business / Gold slips as Trump backs off threats to fire Fed chair, lifts tariff hopes - Reuters

Gold slips as Trump backs off threats to fire Fed chair, lifts tariff hopes Reuters

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