President Donald Trump’s unprecedented walk-through of the Federal Reserve’s now-controversial building renovation project with Jerome Powell ended with a sign of relief for the central bank chief who’s been under pressure for months to slash interest rates.

After a tour that saw Trump and Powell publicly trade barbs over the cost of the project, Trump maintained there was “no tension” with the Fed chief and indicated that problems with the project probably weren’t reason enough to fire the central bank head. “To do that is a big move, and I just don’t think it’s necessary,” Trump told reporters.

Here's what investors are watching on Monday, July 21. The Trump administration signals that August 1 is a "hard deadline" for tariffs and that additional delays will not be provided. Tesla (TSLA) will kick off "Magnificent Seven" earnings when it reports results on Wednesday.