The Dow, S&P 500 and Nasdaq Composite are on pace for a second day of gains after President Trump said he won’t fire Federal Reserve Chairman Jerome Powell after all, but he still pushed him to cut interest rates now.

President Trump said Tuesday he has "no intention of firing" Federal Reserve chair Jerome Powell, one day after the president called Powell a "major loser" and publicly lobbied the central bank chief to lower interest rates at a faster clip.