Less than two weeks into CY26, Trump moves to arrest Fed Chair Jerome Powell

Group 1 - Donald Trump has expressed intentions to arrest Jerome Powell, the Federal Reserve Chairman, based on statements made during an inquiry into renovations of the Federal Reserve building [1][2] - This unexpected move has caused shockwaves across global financial markets, particularly among commentators, indicating potential volatility in market reactions [7][8] - The situation raises questions about the seriousness of Trump's intentions, as prediction markets have not shown significant movement regarding Powell's potential removal from his position [9][11] Group 2 - The market response to this news includes expectations of rising gold prices and declining Nasdaq futures, reflecting the established patterns of market behavior in reaction to political developments [4][8] - Trump's ongoing unfavorable attitude towards Powell and the potential for a loyalist to take over the Fed chair position could impact global confidence in the management of the U.S. economy [8]