On April 22, 2025, global markets surged following President Donald Trump's announcement that he has "no intention" of firing Federal Reserve Chair Jerome Powell. This statement reversed earlier tensions caused by Trump's criticisms of Powell and calls for his removal.

U.S. stock futures responded positively: the Dow Jones Industrial Average futures rose by 1.1%, S&P 500 futures increased by 1.4%, and Nasdaq 100 futures climbed 1.6%. Bitcoin also saw a significant rise, trading at $92,727, with other cryptocurrencies like Ether, XRP, and Solana experiencing gains.

The U.S. dollar strengthened approximately 0.9% against the Japanese yen, recovering from recent lows. Additionally, Treasury Secretary Scott Bessent indicated that the ongoing tariff conflict with China is unsustainable, suggesting a potential de-escalation.

Despite the market rally, some investors remain cautious. Analysts warn that the rapid gains might not be sustainable, and a short-term pullback could occur. Meanwhile, gold continues to attract investors seeking stability amid political uncertainties.

This sequence of events underscores the significant impact presidential statements can have on financial markets, influencing stocks, currencies, and cryptocurrencies alike.

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