If Trump fires the Fed’s Powell ‘both the currency and the bond market can collapse,’ according to Deutsche Bank

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If Trump fires the Fed’s Powell ‘both the currency and the bond market can collapse,’ according to Deutsche Bank

fortune.com/2025/07/14/trump-fire-fed-powell-currency-bond-market-collapse-deutsche-bank

If President 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…

This story appeared on fortune.com, 2025-07-14 15:14:12.