The markets won’t let Trump fire Jerome Powell - Washington Examiner

President Donald Trump wrote on Twitter that interest rates are being called for by many.

The president's escalation of his criticism of the Federal Reserve Chairman Jerome Powell comes just days after the president teased the possibility of firing him.

Trump has attempted to paint Powell as a hawk, but he’s firmly in the ideological center of the FOMC , and without him, the Fed might be inclined to vote in even more unanimity than it already does.

If Trump fires the Fed chairman, the collapse of the U.S. dollar would constitute a domestic depression.

The cost would not be limited to the nearly two-thirds of people with money in the stock market.

Even a one -point jump in Treasury yields could add hundreds of billions of dollars to the cost of just financing the $9.35 trillion of our national debt.