Markets have a frenzied day after rumors Trump might fire Jerome Powell

• Wednesday saw stocks plummet early in the session when it seemed like Federal Reserve chair Jerome Powell’s firing was imminent. Once President Donald Trump denied the rumor, stocks climbed. 

Markets went on a rollercoaster ride Wednesday over the will-he-won’t-he prospect President Donald Trump would try to fire Federal Reserve Jerome Powell. 

At first markets dropped over a Bloomberg report in which a White House official said Trump was close to firing Powell from his role leading the central bank.