Markets have been jittery about who’s pulling the levers of power in Washington this week, but investors finally got some of what they wanted—more Jerome Powell, less Elon Musk.President Donald Trump said he has no intention of firing Federal Reserve Chair Powell—a reversal from earlier comments that suggested otherwise and had pushed stocks lower Monday.

U.S. stock index futures leapt on Wednesday after President Donald Trump pulled back on his threats to fire Federal Reserve Chair Jerome Powell and raised hopes for a trade deal with China. Shares of Tesla,

U.S. stock futures point to a higher opening after President Donald Trump said he has “no intention” of firing Federal Reserve Chairman Jerome Powell.