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,

U.S. stocks ended the Wednesday session higher after President Donald Trump was seen dialing back his rhetoric on the Federal Reserve and China trade.

Donald Trump backed off from his threats to fire Federal Reserve Chair Jay Powell after market volatility, confirming Powell would remain through his term ending in 2026. Investors grew concerned that the Oval Office's rhetoric may one day impact the independence of the central bank.

Trump’s softer tone on Powell came after he lashed out at the Fed chair, writing on social media last week, “Powell’s termination cannot come fast enough!” But on Tuesday,

Trump has recently kept the pressure on Powell to lower interest rates – an action the Fed chair recently said he would not rush or take lightly. Trump nominated Powell as Fed c