Trump Denies Plan to Fire Powell After Raising Idea to Lawmakers

Good morning. Trump says he isn’t looking to give Jerome Powell the boot—at least not yet. New World is prepping to ditch its flagship 11 Skies airport mall. And startup GABA Labs is brewing up a booze-free buzz. Listen to the day’s top stories.

Jerome Powell’s position as Federal Reserve Chair is safe—for now. Donald Trump denied reports that he plans to remove Powell, after he floated the idea in a leaked meeting with congressional Republicans. Still, the president’s remarks—along with fresh invective against the Fed chair—left the door open to a possible ouster. The burst of renewed speculation sparked a short-lived market tempest with US stocks rebounding from earlier losses and the dollar trimming its decline.