Trump, Powell
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If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.
Odds of Jerome Powell's removal hit new highs as Trump waves draft firing letter. Political pressure and inflation data drive markets into uncertainty.
Top voices on Wall Street have expressed alarm over the idea that Trump could fire Fed Chair Jerome Powell, emphasizing the need for Fed independence.
The New York Times was first to report, Trump waved a draft letter firing Powell during a meeting with House Republicans, and soliciting their opinions on whether he should proceed. The next day, Trump confirmed that was true: “I talked about the concept of firing him,
Financial markets were reacting in an understandable way to conflicting reports over the future of Federal Reserve Chair Jerome Powell, and whether President Donald Trump will or won't be firing him soon.
Reports that President Trump was considering trying to remove Federal Reserve Chair Jerome Powell have had a clear, if modest, effect on the bond market—even after Trump told reporters that he [wasn’t “planning on doing anything.
After a turbulent first half of the year, here's what top strategists are forecasting for the next six months.
The move could be read as Trump trying to undermine Powell's influence & push interest rates lower. Two market pros shared their predictions for what could happen to stocks, inflation, bonds, & rates.
Market Voices: Trump-Musk feud, Powell on tariffs, Lululemon-Costco Jul. 01, 2025 12:07 PM ET Tesla, Inc. (TSLA) Stock , COST Stock , LULU Stock , SPACE Stock , SPY , VOO US10Y , US2Y By: Val ...