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.

Traders are growing increasingly confident that the Federal Reserve will cut interest rates in September amid the public feud between President Donald Trump and Fed Chair Jerome Powell. The market sees a 54% chance of the central bank lowering borrowing costs in September,

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.

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 ...

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.

Wall Street closed firm on previous day, with the S&P 500 and Nasdaq hitting record highs amid solid retail sales and jobless claims drop.

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.

What Trump's feud with Fed Chair Powell means for markets, individuals. Russ Wiles. Arizona Republic. ... Concern over this issue contributed to a sharp stock market drop April 21.

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