President Donald Trump stated he has “no intention of firing” Federal Reserve Chair Jerome Powell, despite expressing dissatisfaction with Powell’s decision not to lower interest rates. This came amid significant market turmoil, as the Dow Jones index faced its worst April performance since 1932 due to the administration’s trade policies, which have raised concerns about economic stability. Meanwhile, Tesla reported a 71% drop in profits, attributing the decline to political backlash against CEO Elon Musk following his endorsement of Trump, with analysts suggesting a branding crisis for the automaker.
