If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.

Top voices on Wall Street have expressed alarm over the idea that Trump could fire Fed Chair Jerome Powell, emphasizing the need for Fed independence.

Signals from the bond market suggest tariffs are only having a mild impact on asset prices, strategists say. But that could change if inflation sets in more durably.

Odds of Jerome Powell's removal hit new highs as Trump waves draft firing letter. Political pressure and inflation data drive markets into uncertainty.

That's the thrust behind his yearslong feud ... market strategist at BCA Research, says markets are still holding onto some fear that lowering rates prematurely will cause inflation to rise. That's because investors are still waiting to see the full impact ...

Financial markets were reacting in an understandable way to conflicting reports over the future of Federal Reserve Chair Jerome Powell, and whether President Donald Trump will or won't be firing him soon.

Stocks sold off sharply intraday after multiple reports suggested President Trump is considering firing Fed Chair Jerome Powell.

The Fed Chair on Tuesday reiterated the central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering rates.

There's a chance Donald Trump won't get lower interest rates even after he finds a replacement for Fed Chair Powell, market pros told BI.

After asking a group of House Republicans on Tuesday if he should fire Federal Reserve Chair Jerome Powell, President Trump on Wednesday said it's unlikely Powell will be fired and he'll wait until the Fed chair's term is up next year.