2025-04-23
13 分钟Stock markets rally as President Trump says he has no plans to fire the Fed chair.
Plus Tesla stock surges after Elon Musk says his work in D.C. could be winding down.
And federal contractors offer billions in cost cuts to win over an administration skeptical about their contributions.
Within the consulting industry, this has been a real source of stress.
Companies have thrown hundreds and hundreds of people at these reviews trying to figure out how do we describe our work?
How do we justify it?
It's Wednesday, April 23rd.
I'm Luke Vargas for The Wall Street Journal.
And here is the AM edition of What's News,
the top headlines and business stories moving your world today.
Markets around the world are breathing a sigh of relief this morning,
with stocks gaining after President Trump last night signaled a softer tone on China tariffs and said he isn't planning to fire Federal Reserve Chair Jerome Powell.
No, I have no intention of firing him.
I would like to see him be a little more active in terms of his idea to lower interest rates.
This is a perfect time to lower interest rates.
If he doesn't, is it the end?
No, it's not.
Those Oval Office comments came after Trump lashed out at the Fed chair last week,
writing in a social media post that Powell's termination cannot come fast enough,
prompting a sell-off in American assets like the dollar and U.S. treasuries and pushing safe haven assets like gold to a new record high.