President Trump walked back his attacks on Fed Chair Jerome Powell and is signaling potentially easing tariffs amid the market turmoil. Also, Elon Musk announced he is significantly scaling back his role with DOGE.

Starting next month, I’ll be allocating far more of my time to Tesla, now that the major work of establishing the Department of Government Efficiency is done,” Musk said. He’d continue to support DOGE “for as long as the President would like me to do so,