250
If Trump fires the Fed’s Powell ‘both the currency and the bond market can collapse,’ according to Deutsche Bank (fortune.com)
submitted 1 year ago by to c/economics@lemmy.world
52 comments fedilink hide all child comments
 

If Trump gets his way and removes Jerome Powell as chairman of the U.S. Federal Reserve, the market reaction would be swift and brutal, Deutsche Bank’s George Saravelos argues.

It could collapse the currency and bond markets, he says in a note seen by Fortune. Polymarket puts the chances of a Powell ouster at 19%.

“We consider the removal of Chair Powell as one of the largest underpriced event risks,” Saravelos says.

you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 1 year ago (2 children)

Yeah, I mean... Good luck with that I guess.

What really happens when they start arresting people when they find out they have Monero, is a chilling effect and a price crash.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •