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

Fed Independence & Market Impact - Dismissal of the Fed chair could potentially trigger a crash in the bond market, the dollar, and the equity markets [1] - The Fed's independence signals monetary policy stability to both the US and global financial markets [1] - The Fed chair's decisions are intended to be independent of political influence [2][3] - The Fed chair's term is designed to be independent of the president's term [2] Risks of Undermining Independence - Undermining the Fed's independence could negatively impact the markets [4] - The Fed's independence is considered a valuable asset to the United States and its markets [4]