President Biden in 2022 announced Admiral Linda Fagan as the new commandant of the U.S. Coast Guard making her the first woman to lead a branch of the U.S. military. President Trump's administration has now fired Fagan.

CNBC's Jim Cramer on Wednesday told investors there will be a shift in Wall Street's focus, from the actions of the Federal Reserve to those of President Donald Trump. "We're now looking at the changing of the guard from Powell to Trump," he said. "It won't be easy, as one's a pretty predictable guy and the other's a wild card."