Ranking/Trump backs down on Powell: 'I have no intention of firing him'
PersonnelHigh confidence

Trump backs down on Powell: 'I have no intention of firing him'

β€œI have no intention of firing him. But I'd like to see him be more active with lowering rates.”

Market Reaction

+5 min after statement

Before & After

Price changes before (leading up to) and after the statement

BEFORE β—€β–Ά AFTER
Asset-1 day-1 hour-5 min+5 min+1 hour+1 day
BTC+4.17%-0.15%----+0.86%+3.26%
DXY+0.48%+0.25%-----0.10%+0.90%
GLD-0.83%-0.75%--+0.61%+0.61%-2.79%
SPY+3.35%+0.74%---1.16%-1.16%+1.42%
TLT+0.55%+0.54%---0.52%-0.52%+0.39%
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