President Donald Trump’s unprecedented tariffs, particularly on China, and recent attacks on Federal Reserve Chair Jerome Powell caused alarm among some of his top advisers and America’s biggest CEOs,

U.S. stocks ended the Wednesday session higher after President Donald Trump was seen dialing back his rhetoric on the Federal Reserve and China trade.

Markets have responded positively following President Trump's unexpected announcements at the White House. In a surprising turn, President Trump has discarded his plans to dismiss Federal Chairman Jerome Powell,

U.S. President Donald Trump calmed investors this week by asserting that he has "no intention" of removing Federal Reserve chair Jerome Powell. However, his "outrageous rhetoric has clearly damaged" the central bank's independence,

The president said he has “no intention” of ousting Jerome H. Powell, the Fed chair, but the administration’s willingness to challenge norms regarding the central bank’s political independence is causing concern.

The de-escalation drew an immediate thumbs up from Wall Street, as equity index futures jumped by nearly 2% on the resumption of trading on Tuesday evening.