White House considers removing Fed Chair Powell

The White House is reportedly exploring options to remove Federal Reserve Chair Jerome Powell, potentially destabilizing markets already concerned about trade tensions. President Trump has criticized Powell for not lowering interest rates quickly enough. This move, if enacted, could undermine the Fed's independence, which is crucial for the dollar's value, and create a legal precedent. This comes as China and other nations are diversifying away from the dollar, and the Bundesbank seeks to repatriate gold reserves. Market analysts predict a negative reaction if Powell is ousted.