Wall Street rallied as President Donald Trump and his administration eased their tough talk on tariffs and criticism of the Federal Reserve.Trump spoke to reporters outside the White House about countries, including China, looking to make trade deals with the U.S. on Wednesday. This country is not going to be losing money on trade anymore," Trump said.The president said the tariff negotiations were going "very well" and that his administration is seeking a "fair" deal with China. ""Given how erratic they have been so far, it's going to be very hard to sort of put it all back in the bottle," said Josh Bivens, chief economist at the Economic Policy Institute.Trump eased some uncertainty in the markets after reversing course on suggesting he would try to fire the head of the Federal Reserve, Jerome Powell.
Author: Kalyn Norwood
Published at: 2025-04-23 22:06:06
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