Will Trump Fire Powell?, Trump Softens Tone on China to Secure Xi Summit | Bloomberg The Pulse 7/17

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President Donald Trump said he’s not planning to fire Jerome Powell, and still managed to make it sound like a threat. Trump’s comments capped a hectic few hours that took his pressure campaign against the Federal Reserve chief to a new level — and sent markets into a shortlived nosedive. He ran the idea of sacking Powell by a receptive group of Republican lawmakers late Tuesday. An aide said Wednesday morning he was likely to follow through. Then the president publicly backpedaled – with a

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