JUST IN: ๐Ÿ˜˜๐Ÿ˜๐Ÿ‡ต๐Ÿ‡ฐ๐Ÿ‡ฆ๐Ÿ‡บresident Trump says he would love to replace Fed Chair Jerome Powell "right now."

Thatโ€™s a heavy statement.

If Powellโ€™s seat becomes uncertain, markets will start pricing in policy volatility fast.

Bond yields, USD, and risk assets could all swing on this โ€” not because of what Powell does, but because leadership uncertainty at the Fed affects how traders model the next 12โ€“18 months.

A comment like this doesnโ€™t remove Powellโ€ฆ

โ€ฆbut it does shake confidence.

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