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.

If President Trump gets his way and removes Jerome Powell as chairman of the U.S. Federal Reserve, the market reaction would be swift and brutal, Deutsche Bank’s George Saravelos argues. It could collapse the currency and bond markets,

President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against the risk of higher inflation, as a central bank more willing to lower interest rates could fuel price rises and make lenders demand higher compensation to hold bonds.

Fed officials will gather July 29-30 in Washington. Waller’s remarks set him apart from most of his fellow policymakers, who have characterized the employment landscape as still solid.

President Donald Trump said Wednesday it’s “highly unlikely” that he’ll fire Federal Reserve Chair Jerome Powell after signaling otherwise a day earlier in a private meeting with lawmakers.

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said on Thursday he continues to believe the U.S. central bank should cut interest rates at the end of this month amid mounting risks to the economy and the strong likelihood that tariff-induced inflation will not drive a persistent rise in price pressures.

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.

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.

Markets are dismissing inflation risks after Powell signaled rate hikes may slow, Mohamed El-Erian said. But inflation is likely to stay sticky next year, and there are still credit and earnings ...

Credit Market Risk Eases as Powell Quells Future Rate-Hike Fears. Inflation is still too high, but has moderated, Fed Chair said; Committee is looking to more data for clarity on cutting rates