The independence of central banks, which allows policymakers to operate free from political meddling, is considered sacrosanct by investors and economists.

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.

"I certainly think there are lessons to be learned there that the administration should be aware of," said Morningstar Wealth's Dominic Pappalardo.

In a resurfaced clip from 2017, President Donald Trump sang the praises of Federal Reserve Chair Jerome Powell when he first nominated him. The post Clip of Trump Praising Fed Chair Powell’s ‘Good Judgement’ Goes Viral Amid President’s Vicious Attacks first appeared on Mediaite.

President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.

The U.S. dollar fell sharply Wednesday after the White House suggested that President Donald Trump was planning to remove Federal Reserve Chairman Jerome Powell. Though the presid

White House officials accuse Federal Reserve chair Jerome Powell of mismanaging its building renovations, which cost $700 million more than expected. Office of Management and Budget Director Russell Vought sent Powell a letter taking issue with the cost overruns and certain statements from a Senate hearing last month.

US president’s offensive against Jay Powell has prompted swings in the dollar and lifted long-term inflation expectations