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Trump’s U-Turns on Powell, China Follow Dire Economic Warnings

WATCH: President Donald Trump says he had no intention of firing Federal Reserve Chairman Jerome Powell. Mike McKee reports.Source: Bloomberg

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By Catherine Lucey, Hadriana Lowenkron, and Jaewon Kang

April 23, 2025 at 12:55 AM UTC

Updated on

April 24, 2025 at 7:33 AM UTC

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Confronted with fresh warnings from financial markets, business leaders and top advisers, President Donald Trump this week eased off on two of his frequent punching bags: Jerome Powell and China.

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