Trump denies plans to fire Fed’s Powell following reports

President Donald Trump denied that he plans to fire Federal Reserve Chairman Jerome Powell following reports that indicated he was likely to, a development that moved markets.

If Trump did move to fire Powell, it would be a dramatic step and would launch a legal battle over control of the central bank that could roil global financial markets. But Trump on Wednesday downplayed the possibility during remarks in the Oval Office.

“He’s doing a lousy job, but no, I’m not talking about that,” Trump said in comments to the press after being asked...