Trump States No Intention to Fire Powell, Hints at Lowering China Tariffs

President Trump has stated that he has no intention of firing Federal Reserve Chairman Jerome Powell. This comes after Trump tweeted last week that ’Powell’s termination cannot come fast enough!’ Trump also hinted at lowering tariffs on China, which provided relief to investors concerned about his aggressive trade policies. The comments steadied nervous global investors and nudged U.S. stock futures and the dollar higher, while pulling gold back from record peaks. The softer tone arrived less than a week after Trump’s fiery tweet. Trump downplayed outside speculation that the White House was actively studying a dismissal plan for Powell. No direct impact on cryptocurrencies or exchanges was mentioned, but the market sentiment improved, potentially benefiting coins like BTC, ETH, LTC, and exchanges like Bybit, MEXC, Coinbase, and Binance.