President Donald Trump sent the U.S. stock market on a jagged round trip after saying he had “talked about the concept of firing” the head of the Federal Reserve. The S&P 500 added 0.3% Wednesday after whipping through an earlier drop and subsequent recovery.

Major stock indexes slid as much as 0.8% midday after news that Trump told Republican lawmakers that he was likely to attempt to remove Powell from his job soon. The prospect that lower rates would eventually yield higher inflation sparked a selloff in long-dated Treasurys,