Trump Threatens Powell Resignation: Market Uncertainty and Potential Economic Chaos

President Donald Trump’s recent threat to remove Federal Reserve Chair Jerome Powell has sent shockwaves through financial markets, raising concerns about market stability and the U.S. economy. This bold move by Trump threatens to erode investor confidence and impact global markets. Analysts highlight the potential for a weakening dollar, increased borrowing costs, and economic instability if Powell were to be removed. French Finance Minister Eric Lombard warned that such a change would harm the dollar’s credibility, further increasing uncertainty. Trump has a history of aggressive trade policies, and this move is seen as potentially damaging to U.S. currency stability. The market reaction includes increased borrowing costs for U.S. debt and demands for negotiations to stabilize the country’s financial system.