Reported about 16 hours ago
If President Trump were to remove Federal Reserve Chair Jerome Powell, it could trigger significant instability in global markets, including a potential drop in the dollar and US bonds. The Federal Reserve's independence is critical to investor confidence, and any perceived threats to it could lead to a severe market reaction. While Trump's recent comments downplayed the likelihood of firing Powell, analysts warn that even the suggestion could unsettle markets, with estimates suggesting a possible 3% to 4% drop in the dollar within 24 hours.
Source: YAHOO