Even Trump must know that firing the chair of the Fed would be self-defeating | Nils Pratley

The US stock markets and dollar are sliding as tensions between Trump and Fed Chair Jerome Powell escalate, with concerns about the impact on monetary policy and global markets. Experts debate whether Trump's tougher stance will lead to significant market turmoil or if a quick replacement might mitigate short-term damage. Meanwhile, ongoing political pressure on Powell could further erode confidence in the Fed’s independence and credibility, complicating the path toward resolving tariff disputes and stabilizing markets.