Donald trump denial on Powell calms market jitters
Edited By WION Video Desk
Published: Jul 17, 2025, 11:29 IST | Updated: Jul 17, 2025, 11:29 IST
Wall street closed higher Wednesday after a volatile midday swing, sparked by rumors president trump would fire fed chair Jerome Powell. Markets rebounded after trump denied the claims, with strong bank earnings and a surge in Johnson & Johnson shares helping lift the major indexes.
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