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With traders feeling reassured that Trump won't fire Fed chief Powell, stocks look set to rally — but the market is baffled by Mnuchin's bank call on Sunday

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Markets are mixed on thin holiday trading. The US Treasury Secretary invoked bizarre crisis-era language to try to quell a bloody week for stocks.

 

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The Treasury Secretary telephoning to make sure that it is only a temporary blip and it is onwards and upwards for stocks.

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Trump voices confidence in Mnuchin and the Fed after stock market tailspinPresident Trump expressed confidence in the Treasury secretary, the Federal Reserve and the U.S. economy Tuesday, moving to calm financial markets further roiled after a news report that the president had discussed firing Fed chairman Jerome Powell over raising interest rates. The confidence of a life-long bullsh!t artist. Now that is comforting. This was hilarious Obamas brilliant stock market destroyed by trump Trump voiced his 1,000% confidence in Mike Flynn before firing him, too.
Source: latimes - 🏆 11. / 82 Read more »