Dow adds 200 points, S&P 500 rises

Description:

Stocks swung sharply Wednesday after reports that President Trump was considering firing Federal Reserve Chair Jerome Powell. Markets initially fell but rebounded when Trump denied he planned to remove Powell “in the near future,” though he didn’t rule it out entirely. The S&P 500 closed up 0.32%, the Nasdaq 0.26%, and the Dow 0.53%. Traders remained wary given Trump’s repeated calls for steep rate cuts. Meanwhile, inflation data raised concerns about the impact of tariffs on prices, CNBC has reported. Major banks reported mixed earnings, with Bank of America and Morgan Stanley slipping despite strong results. read more: 👍 Like this video to stay informed on how political uncertainty impacts the markets and your money. 💬 Comment below—Do you think the President should have the power to remove the Fed Chair over rate policy? 🔗 Share this video to help others understand the connection between politics, the Fed, and market volatility. 💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button. Your support helps us keep covering the intersection of finance and government. 👉 Don’t forget to subscribe for daily updates on the economy, the markets, and major political moves. Thanks for watching and supporting the channel. Links for B.C. Visit My Website Follow Me On Facebook Subscribe To My Patreon Watch Me On YouTube Follow Me On Twitter Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok #FedUncertainty #MarketVolatility #TrumpVsPowell