John Kennedy (R-LA) is leading the charge to warn President Donald Trump that his threats against Federal Reserve Chairman Jerome Powell, which have brewed for weeks, would be a disaster, CNN's Phil Mattingly reported on Wednesday.

Stocks were mostly lower, with the 30-year bond yield up, after conflicting reports about whether President Trump is looking to fire Federal Reserve Chair Jerome Powell soon.

Trump’s tariffs and trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Dow futures are falling, the S&P 500 and Nasdaq are rising in premarket trading as the stock market considers the threat of President Donald Trump Firing Fed Chair Jerome Powell.

President Trump is once again turning up the tariff dial, but stocks aren't reacting nearly as strongly as they did back in April. In recent days, Trump has written letters threatening 30% duties on goods from Mexico and the European Union while also warning of 35% tariffs on Canadian imports.

Trump’s tariffs and trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Yet the market (as of July 11) isn't far off from its all-time high, and it doesn't seem to be poised for the same explosive sell-off that occurred in early April. Is the stock market underestimating Trump's tariffs?

Picture this: It's 2045 in America. Stock markets are setting record highs, the economy is adding jobs, workers' salaries are increasing and tax rates are falling. Americans feel safer because our ...