Trump Denies He’s Planning to Fire Powell

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 16 July 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for July 16. In comments from the White House today, President Trump denied that he was trying to oust Federal Reserve Chair Jerome Powell, though he raised the prospect that Powell could be removed for cause. Plus, big banks like Goldman Sachs have reported bumper earnings for the second quarter. But as Journal reporter AnnaMaria Andriotis tells us, the factors that made the quarter so strong may not continue into the next few months. And Oracle, the software company founded nearly 50 years ago, is striking big deals for artificial intelligence that’s boosting its stock price. WSJ Heard on the Street columnist Dan Gallagher joins to discuss what it would take for Oracle to become one of the biggest names in AI. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Race the rudder, raise the sails, raise the sales!
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0:17.0	With LinkedIn ads, you can target the right people by industry, job title, and more.
0:21.4	To get £100 off your first campaign, go to LinkedIn.com slash lead to claim your credit.
0:26.6	That's LinkedIn.com slash lead. Terms and conditions apply.
0:33.3	President Trump denies that he's trying to fire Federal Reserve Chair Jerome Powell.
0:38.1	Plus, as banks like Goldman Sachs report bumper quarterly earnings, does past performance guarantee
0:43.3	future results?
0:44.6	The second quarter was a quite good quarter for the large banks, but a lot of uncertainty
0:50.1	remained.
0:51.0	And in the world of investing banking, uncertainty is not something that tends to help growth in deal-making.
0:57.0	And how a nearly 50-year-old software giant may become one of the biggest players in artificial intelligence.
1:03.0	It's Wednesday, July 16th.
1:05.0	I'm Alex Osloaf for The Wall Street Journal.
1:08.0	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:16.5	President Trump has denied that he was planning an attempt to fire Federal Reserve Chair Jerome Powell
1:21.8	after polling Republican lawmakers during a closed-door meeting about whether he should oust him.
1:27.5	Answering reporters' questions at the White House, the president suggested he could attempt
1:31.3	to remove Powell for cause, arguing the central bank spent too much money on renovations of two
1:36.8	historic office buildings.
	...

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