LONDON, July 17 (Reuters) - Wednesday's market drama on reports of an imminent ouster of Federal Reserve Chair Jerome Powell has calmed quickly, with President Donald Trump saying it was " highly unlikely" he would fire the central bank boss even as speculation continue to brew.

The Federal Reserve is an independent organization, meant to be insulated from politics, and the Supreme Court suggested this year that President Donald Trump would need a reason, or cause, to fire Federal Reserve Chairman Jerome Powell.

The stock market does not want Donald Trump to fire Jerome Powell.

Investors are becoming more measured in their reaction to news about Trump's Washington policy, with Wednesday's whipsawing headlines over Federal Reserve Chair Jerome Powell triggering a reaction that fell short of what could happen if the Fed chair was indeed fired.

President Trump renewed calls for Federal Reserve Chair Jerome Powell to resign and potentially hinted at support for Treasury Secretary Scott Bessent to be Powell's replacement. Yahoo Finance Washington Correspondent Ben Werschkul and Barron senior markets analysis writer Paul R.

President Donald Trump’s attacks on Federal Reserve Chairman Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.

“It’s not all that unusual for a president to have strong views on interest rates and want his views reflected in Fed policy, but Powell has been very clear on maintaining the central bank’s ...

Fed Chair Jerome Powell said little to alter the market's view that the Fed will likely trim rates on December 18, said Sal Guatieri, senior economist at BMO Capital Markets. Powell said that the ...

Wall Street approved of President Joe Biden’s intention to nominate Jerome Powell for a second term at the helm of the Federal Reserve. But the initial jolt in the stock market didn’t last ...

The market reacted as it did because he finally admitted it, but one assumes they were smart enough to know it was true before Powell “central-banker-splained” it to them.

Thus, Powell is unlikely to say that the labor market is weak. The unemployment rate of 4.3% is still very low. The initial claims at sub 250K are still very low.