Trump backs off on Jerome Powell, says he has 'no intention' of firing the Fed chair

President Donald Trump has pushed Fed chair Jerome Powell to lower interest rates.

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• President Donald Trump said he has no plans to fire Fed Chair Jerome Powell over interest rates.
• Investors and market watchers have been concerned about Trump's feud with Powell.
• Stock futures and the dollar spiked following Trump's comments.

President Donald Trump said Tuesday he has no intention of firing Federal Reserve Chair Jerome Powell, despite wishing the Fed would cut interest rates.