A new research note gaming out possible scenarios if President Donald Trump fires Federal Reserve Chairman Jerome Powell warns that it “would be significantly negative for markets.” Wolfe Research speculates that the Supreme Court could ultimately decide whether Trump has the power to fire Powell for cause. Trump said he was “highly unlikely” to fire Powell, shortly after a senior White House official said the Fed chair was likely to be fired soon. U.S. Federal Reserve Chair, Jerome Powell and U.S. President Donald Trump. Nathan Howard | Jonathan Ernst | Reuters
A new research note gaming out possible scenarios if President Donald Trump decides to fire Federal Reserve Chairman Jerome Powell warns that, regardless of what exactly happens next, “this would be a mess.”
“We expect, as does everyone else, that it would be significantly negative