Barron’s - April 24, 2025
Markets have been jittery about who’s pulling the levers of power in Washington this week, but investors finally got what they wanted this week — more Jerome Powell, less Elon Musk. President Trump said he has no intention of firing Federal Reserve Chair Powell—a reversal from earlier comments that suggested otherwise and had pushed stocks lower Monday.And the prospect that Tesla CEO Musk will spend less time in Washington at the Department of Government Efficiency (DOGE), the unit set up to find savings and eliminate waste, lifted Tesla shares by 5% on Wednesday. $Tesla(TSLA.US)The copyright of this article belongs to the original author/organization.
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