Economics professor Francesco Bianchi at Johns Hopkins University expresses skepticism about President Trump’s likelihood of fulfilling his threat to dismiss Federal Reserve Chairman Jerome Powell. While Trump remains vocal in advocating for interest rate cuts, experts like Bianchi see a significant impact on the Fed’s decision-making process, even with his dismissal threat unlikely. Following Trump’s announcement last week, market anxiety regarding the potential economic repercussions of a change in Fed leadership is evident. Powell’s own stance on interest rates suggests caution against rapid changes, prompting Trump to call for Powell’s removal. This exchange led to a significant stock market downturn as investors anticipate a possible impact on the Federal Reserve’s independence and future rate decisions. Bianchi believes Trump’s threat is unlikely given Powell’s term expiration in about a year, fearing it would trigger market instability and financial uncertainty.