After the Trump administration made remarks on softening its stance on a series of recent conflicts, the three major US stock indexes saw a collective rise. As of the close, the Dow Jones Industrial Average closed at 39,186.98, up 2.66% (+1,016.57 points); the S&P 500 index closed at 5,287.76, up 2.51% (+130.92 points); the Nasdaq index closed at 16,300.42, up 2.71% (+427.65 points). During the session, the gain of the Dow once exceeded 1,100 points, market sentiment significantly warmed up, and technology stocks led the rise, driving the risk appetite to heat up.

Recently, US President Trump has publicly expressed his dissatisfaction with Federal Reserve Chairman Powell on many occasions and claimed that he was considering firing him. As the latest development after the market closed, US President Trump changed his tune at the swearing - in ceremony of the new chairman of the US Securities and Exchange Commission (SEC), Paul Atkins, clearly stating that he had "no intention at all" of firing Powell, and added that the current time was a "perfect opportunity" for the Federal Reserve to cut interest rates, and hoped that Powell would take more active actions on the issue of interest rates.

Going back to April 17, he posted on social media that Powell's actions on interest rate cuts were always "too late and wrong", and even directly mentioned firing Powell. These remarks threatening to dismiss Powell quickly triggered market unrest. Investors, worried that Trump might fire Federal Reserve Chairman Jerome Powell, sold off US stocks, bonds, and the US dollar one after another, pushing the price of gold to a record high.

Federal Reserve Chairman Powell said that the independence of the Federal Reserve would not be shaken and would not yield to political pressure. Facing the complex economic situation brought about by the Trump administration's recent tariff policies, the Federal Reserve will focus on combating inflation. Whether Powell can be fired is determined by law and politics, and there is great uncertainty about President Trump's unilateral political pressure.

The president's public remarks, to a certain extent, have become a key signal for the market to predict the future policy direction. Recently, under a series of internal and external pressures, Trump has sent out signals of détente. Let's continue to pay attention to more capital market dynamics.