Markets could freak out if Trump tries to fire Powell

[bucolic_frolic]

https://www.cnn.com/2025/07/16/investing/markets-trump-powell-fed

Analysis by John Towfighi, CNN
Updated 4:18 PM EDT, Wed July 16, 2025


There could be a revolt in global markets, including a possible collapse in the dollar and US bonds, if President Donald Trump were to take the unprecedented step of removing Federal Reserve Chair Jerome Powell from the helm of the central bank, as the president has suggested he could do.

The US dollar index, which measures the dollar’s strength against six major foreign currencies, dropped as much as 0.8% Wednesday morning after reports that Trump was moving closer to removing the Fed chair. CBS News first reported the news.

Trump later Wednesday told reporters at the White House it is unlikely he would fire Powell, pushing back on media reports.

“We’re not planning on doing anything,” Trump said. “I don’t rule out anything, but I think it’s highly unlikely, unless he has to leave for fraud.” The dollar index pared its losses after Trump’s remarks and was down just 0.3% as of the afternoon.

Mucho more at the link: https://www.cnn.com/2025/07/16/investing/markets-trump-powell-fed

[Best_man23]

1. Not could, they WILL freak out

For the three comma class and the crypto bubbas, firing Powell may likely be the move that makes them tell their Maybelline wearing stooge JV Vance "Its 25th Amendment time".

[agingdem]

2. Trump can't fire him..

he's tenured in until May 2026...all that psychotic degenerate can do is spew revenge-fueled bullshit...Trump's been threatening Powell for months and Powell has pretty much ignored him...