President Trump has intensified pressures on Federal Reserve Chair Jerome Powell to lower interest rates, calling him 'a major loser' and threatening to fire him. This conflict has raised concerns among experts about the potential destabilization of financial markets, which could lead to increased volatility and rising mortgage rates. Despite recent stock market rebounds, the broader financial landscape is tumultuous, with significant implications for both economic policy and borrower costs. Analysts warn that any attempt to dismiss Powell could lead to legal battles and severe market reactions.
If Trump attempted to fire Powell, analysts say it would likely spark a protracted legal battle and severely roil financial markets, with significant implications for mortgage rates.
Lower, much lower, equities; Treasuries sold across the board; and, the dollar falling off a cliff.
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