U.S. stocks are shaky on Wednesday after President Donald Trump said he had “talked about the concept of firing” the head of the Federal Reserve. Such a move could help Wall Street get the lower interest rates that it loves but would also risk a weakened Fed unable to make the unpopular moves needed to keep inflation under control.

President Trump asked Republican lawmakers how they felt about firing Fed Chairman Jerome Powell and they expressed approval for the firing, the people said. It remains to be seen if Trump will follow through on the threat.

Lilly, Johnson & Johnson, AbbVie, Pfizer and more pharma stocks shrug even amid Trump's fresh pharma tariff threats.

Stocks and bonds in the U.S. are up this year, seeming to shrug off historically large tariffs even as investors remain watchful for delayed impacts of President Donald Trump’s policy changes. U.S. stocks closed higher Monday while bonds were little changed,