Stocks are recovering after President Trump said it is “highly unlikely” that he'll fire Fed Chair Powell, though he doesn't rule that out.
The Dow is back in positive territory, while the S&P 500 is now flat, and the Nasdaq Composite is down 0.1%.
Reports of Trump firing the Fed chair were circulating after the president talked about it to a group of House Republicans who voiced approval. Trump acknowledged that discussion to reporters in the White House but said it is highly unlikely he'll fire Powell “unless he has to leave for fraud. “
