President Donald Trump on Tuesday backed off from threats to fire Federal Reserve Chair Jerome Powell after days of intensifying criticisms of the central bank chief for not cutting interest rates. "I have no intention of firing him,

WASHINGTON—President Trump said he is not planning to fire Federal Reserve Chairman Jerome Powell and he signaled that tariffs on China could be lowered, prompting relief from investors who had been spooked by the White House’s aggressive moves in recent weeks.

Trump has recently kept the pressure on Powell to lower interest rates – an action the Federal Reserve chair recently said he would not rush or take lightly. Trump nominated Pow