Welcome to Seeking Office's Wall Street Breakfast, where we cover the top news for investors

every morning. Good morning. Today is Wednesday, April 23rd, and I'm your host, Kim Kahn,

filling in for Julie Morgan. It's a good start to the day for Bulls, with President Donald Trump

sounding conciliatory notes to his main foes of late, Fed Chairman J. Powell and China, and Elon Musk saying,

I can't quit you to Tesla.

After lambasting Powell on social media for not lowering rates like the ECB, and amid reports

that he had consulted advisors on the possibility of removing Powell, Trump said on Tuesday

he had no intention

of firing the Fed chief and, quote, never did.

I would like to see him be a little more active in terms of his idea to lower interest rates,

he said.

This is the perfect time to lower rates.

If he doesn't, is at the end?

No, it's not.

That brought relief to traders and global investors worried about the central bank's independence

in the world's largest economy.

Stock index futures are now solidly higher, led by growth stocks.

Nasdaq 100 futures are up more than 2.5%.

And S&P futures are up more than 2%.

Treasury prices, a key measure of global confidence in the U.S. economy, are also gaining, with the 10-year yield down to 4.35%.

Even the beaten-down dollars is catching a bid.

But while markets celebrate, the damage to the position of Fed chief has already been done, according to T.S. Lombard economist Dario Perkins.

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