US stocks jumped after President Trump said he has 'no intention' of firing Federal Reserve Chair Jerome Powell, easing fears on Wall Street that the central bank's independence was under threat.

The stock market’s recovery was derailed significantly, and Wall Street sentiment softened due to President Donald Trump’s repeated comments about the Federal Reserve Chair Jerome Powell. He named him “Mr.

Stock futures are pointing to a sharply higher open for major indexes on Wednesday after comments from President Donald Trump eased investor concerns about tariffs and Federal Reserve independence.