From Bloomberg, tonight:
President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell as his frustration with the central bank chief intensified following this week’s interest-rate increase and months of stock-market losses, according to four people familiar with the matter.
Advisers close to Trump aren’t convinced he would move against Powell and are hoping that the president’s latest bout of anger will dissipate over the holidays, the people said on condition of anonymity. …
Fed Chair Powell can only be removed “for cause”. This rather vague term could be stretched by Mr. Trump to rationalize removal, I suppose (I’m not the first to think of this scenario)
Even if Mr. Trump were not able to remove the Fed Chair, the mere “discussion” should be enough to spook the markets, at a time when uncertainty is already high.