Posted on 04/23/2025 2:16:22 PM PDT by RandFan
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, who warned of financial chaos and store shelves that could go bare, people familiar with the conversations said.
The warnings — and the markets’ own volatility this week — seemed to have broken through. Trump backed down Tuesday from his threats to try to remove Powell from the job, telling reporters in the Oval Office: “I have no intention of firing him.”
That prompted sighs of relief on Wall Street. A day after markets boomed on comments from Treasury Secretary Scott Bessent that Trump would seek to de-escalate the trade war with China, US markets gained again on Wednesday.
Top administration officials were also relieved by Trump’s Oval Office statement on Powell, the people familiar with the matter said. The officials had become unnerved by the heated rhetoric and wary of a prolonged legal battle should Trump attempt to unseat the Fed chair.
The Dow closed higher by 420 points, or 1.07%. The broader S&P 500 gained 1.67% and the tech-heavy Nasdaq Composite rose 2.5%.
(Excerpt) Read more at edition.cnn.com ...
CNN propaganda
CNN is an excellent reverse barometer.
When they say something is going to happen, it means the opposite thing is going to happen.
Trump blinked.
We had empty shelves with creepy Joe.
Oh no he wasn’t.
Think it through, the whole point of the tariffs on CHina is to stop the imports from China. Of course it will empty shelves, that’s the point. Maybe you think that’s a dumb, doomed to fail approach to getting manufacturing back?
Powell is personally stocking the shelves? Or printing money and handing it out to grifters while raising rates on homeowners and taking money out of their pockets is a great way to keep product moving while controlling the inflation from printing the money in the first place?
Trump says he’ll do something, stocks bonds and the dollar drop. Trump reverses himself, they all go back up. He changes his mind and says he’s still going to do what he said, they go back down. And repeat.
CNN isn’t just propagandistic, its lowest common denominator. Not in the slightest sophisticated or detailed.
The fear-mongering, sloganeering, and logical fallacies seem directed at people with an IQ level of 80 or lower.
I can’t imagine what Iwould do if my hardware store stopped selling cheap Chinese hardware, raised the prices and sold quality products instead. Imagine having screws that don’t shear off when you drive them into a board.
‘ Of course it will empty shelves, that’s the point. Maybe you think that’s a dumb, doomed to fail approach to getting manufacturing back?’
/raises hand
I certainly do.
President Trump did not pull the tariffs issue from the table. He simply lessoned the immediate impact of the results of tariffs. Tariffs are still being negotiated as the latest news from India. He didn’t’ blink (gosh, I wish you woke people pretending to be conservative would realize we know your deceit). He made a pragmatic decision which resulted in helping the markets. Hope you’ve been buying!
Yeah it makes little sense but thought I’d pass it on
They’re trying to spook him?
Empty shelves? Yes empty of mostly cheap garbage.
And the markets have been " volatile" or stagnant since the first American stock exchange was founded under the Buttonwood tree, in Manhattan, in 1792! This is a combination of FEAR PORN and abject, wanton stupidity, by the author.
What is SO damn special about Jerome Powell..seriously how did we all exist BEFORE he came into power and what happens when the prick finally croaks, they will pick someone else..and this is why China will always win..this is why China was able to create a BIOWEAPON that killed what, 30 million people and got away with it..because people are so damn hooked on their cheap garbage they are able to look passed millions of deaths from a bioweapon..eh all good, we are friends again, just keep on sending us your cheap garbage
‘ Trump says he’ll do something, stocks bonds and the dollar drop. Trump reverses himself, they all go back up. He changes his mind and says he’s still going to do what he said, they go back down. And repeat.’
Blockbuster fail proof 4d chess and all that.
Spot on!
There is nothing special he’s gone in 12 months or less anyway lol
What have we gotten from China so far from this trade war? Trump seems far too willing to back down once some CEO tells him to.
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