Markets have been jittery about who’s pulling the levers of power in Washington this week, but investors finally got some of what they wanted—more Jerome Powell, less Elon Musk.President Donald Trump said he has no intention of firing Federal Reserve Chair Powell—a reversal from earlier comments that suggested otherwise and had pushed stocks lower Monday.

Elon Musk, CEO of Tesla, said he would be spending less time with the Trump administration after first-quarter earnings fell short of expectations.

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