Stock futures were mostly higher early Thursday as the market continued to shake off fears that President Donald Trump could fire Federal Reserve Chair Jerome Powell. All three major indexes closed higher Wednesday–and the Nasdaq clinched a new record–despite a sharp move lower in the middle of the day following a report that Trump was likely to fire Powell. While markets swiftly–and mostly–recovered, the reaction is a warning of the potential impact of Powell’s dismissal.
![Discretionary trusts: cautious optimism [Members]](https://moneyvisa.com/wp-content/uploads/2025/07/Discretionary-trusts-cautious-optimism-Members.jpg "Discretionary trusts: cautious optimism [Members]")
