Wall Street Recovers from Sharp Fall After Trump Denies Plans to Fire Powell
U.S. stocks clawed back into positive territory on Wednesday after President Donald Trump swiftly denied reports of a Federal Reserve shakeup, calling it "highly unlikely" he would fire Chair Jerome Powell - just moments after reports suggested otherwise.
The main U.S. stock indexes fell sharply earlier, the dollar plunged and Treasury yields rose after Bloomberg News reported the possibility of replacing Powell, citing an unidentified White House official.
Separately, Reuters News reported, citing a source, that Trump is open to the idea of firing Powell...
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