Wed, 23 Apr 2025

Wed, 23 Apr 2025 Trump says he has 'no intention of firing' Fed boss

Trump also expressed optimism that trade relations with China can be improved and a deal can be reached.

* US President Donald Trump says he has "no intention of firing" Jerome Powell, head of the Federal Reserve
* He wants Powell to be "a little more active" when it comes to cutting interest rates
* Trump is optimistic about improving trade relations with China and would be "very nice" in negotiations with Beijing
* Tariffs will fall if there's a deal, but not to "zero"
* US shares made gains on Tuesday, with the S&P 500 ending up 2.5% and the Nasdaq rising 2.7%
* Major Asian stock markets were higher on Wednesday, with Japan's Nikkei 225 index up by about 1.7%, the Hang Seng in Hong Kong climbing by around 2.3%, and mainland China's Shanghai Composite edging up by less than 0.1%
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