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

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

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

This article is for subscribers only.

Supply Lines is a daily newsletter that tracks global trade. Sign up here.

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.