Trump indicated to Republicans during a meeting in the Oval Office that he plans to fire Powell, a senior White House official told The Hill, and markets quickly dipped, with the S&P 500 falling into the red. He said later that day it is “highly unlikely,” but he doesn’t “rule out anything.”

We do not know if President Donald Trump will fire Jerome Powell from his job as chair of the Federal Reserve. We do know the financial markets do not much like the idea. Trump's attacks on Powell for not reducing interest rates have "rattled financial markets,