Markets will 'crash' if Trump fires Powell, Sen. Warren warns

In a very practical way, if in fact Jay Powell were to be fired, pushed out, or otherwise dismissed, what you think would genuinely happen to the bond market, the dollar, the equity markets. I think they crash. Um remember the way the independence of the Fed works, it provides a signal both to our country and to financial markets around the world that on a couple of key points, particularly monetary policy.What we've done in the United States is we put someone in charge who's supposed to filter through all ...