In a shocking turn of events, President Trump has once again set his sights on potentially removing Jerome Powell as the Federal Reserve Chair. The President has been openly critical of Powell's decisions regarding interest rates, leading to speculation about his future in the role.

According to reports, Trump has been studying the possibility of removing Powell and replacing him with former Federal Reserve governor Kevin Warsh. This move has sent ripples through the stock market, with investors expressing concerns over the uncertainty surrounding the Fed's leadership.

Trump's recent attacks on Powell have resulted in a downward trend in the stock market, with many fearing the consequences of a potential shift in Fed leadership. Market analysts are closely monitoring the situation, trying to anticipate how the "fire Powell trade" could impact the economy.

As the debate continues to escalate, experts are emphasizing the importance of maintaining the independence of the Federal Reserve. Powell, who was appointed by Trump in 2018, has faced challenges in navigating the President's demands while fulfilling the Fed's mandate of promoting stable economic growth. The future of the Federal Reserve hangs in the balance as Trump's feud with Powell intensifies.