The Globe and Mail reports in its Wednesday edition that President Donald Trump said Tuesday he has no plans to fire Federal Reserve chair Jerome Powell, following his earlier comments about wanting to fire him that led to a stock market sell-off. An Associated Press dispatch to The Globe reports that Mr. Trump said, "I have no intention of firing him." Mr. Trump had previously insinuated otherwise as he said he could fire Mr. Powell if he wanted to, having been frustrated by the Fed putting a pause on cuts to short-term interest rates. Mr. Powell has said that Mr. Trump's tariffs are creating uncertainty about slower growth and higher inflationary pressures, while the President maintains that inflationary worries are essentially non-existent. Mr. Trump plans to use the bully pulpit to pressure a Fed focused on resisting political influences to stabilize prices and maximize employment. Mr. Trump's frustration led him to post on social media last Thursday, "Powell's termination cannot come fast enough!" The Fed chair's term ends in May, 2026. On Tuesday, Mr. Trump reiterated his grievances about Mr. Powell, despite stating the Fed chair would remain in position, as the President believes inflation is no longer an issue.