US President Donald Trump said it would be a good thing if Federal Reserve Chairperson Jerome Powell steps down, and he should (step down). (Jin Ten)
Evercore ISI analysts said any move by the Trump administration to try to fire Federal Reserve Chairperson Jerome Powell "would lead to a surge in stagflationary trading", but they see such a move as "unlikely". Markets have lost confidence in Trump's economic policies, as can be seen by movements in bond and currency markets. However, there are no signs yet that the market has lost confidence in the Federal Reserve, as indicators of expected inflation remain low....