#TrumpVsPowell The ongoing feud between Donald Trump and Federal Reserve Chair Jerome Powell is heating up. Trump is considering firing Powell, citing disagreements over interest rates and economic policies. Here's what's at stake ¹ ²:

- *Trump's Frustration*: Trump has repeatedly expressed dissatisfaction with Powell's decisions, particularly the recent interest rate hikes, which he believes are hurting the US economy.

- *Powell's Independence*: Federal Reserve governors serve 14-year terms and can only be removed for "cause," such as misconduct or failure to perform duties. Trump would need to prove just cause to initiate a lengthy removal process.

- *Market Impact*: Firing Powell could trigger significant market volatility, affecting interest rates, investor sentiment and potentially even the US dollar's strength. Treasury Secretary Scott Bessent has warned the White House about potential market chaos.

- *Potential Consequences*: A change in Fed leadership could have far-reaching implications for monetary policy, inflation control and economic growth.

According to Polymarket, there's a 22% chance of Powell's removal as Fed Chair in 2025 ¹.