Yep.

Forcing out Powell will indicate that the Fed is no longer independent of the US Government, and in this case under the thumb of an incompetent, mentally ill 79-year old who has little inkling of economics, capital markets and the now-faltering position of the US economy. Powell out and some lackey in will confirm to investors that Treasury securities are no longer a safe haven, that interest rates may change on a whim, and that the new Fed chair may well try to ignore the actions and advice of the Federal Open Markets Committee at the Fed. All this adds up to a sudden, permanent spike in interest rates, from Treasury securities to the lowest rated junk bonds, and including interest rates on credit cards. "Hammer time" only begins to describe what could well happen.

El Rey Dotardo II open seeks to surround himself with boot lickers and sycophants who (in Trump's opinion) look good on television. No other qualifications are necessary. If a new Fed chair without the serious experience and intellect necessary for the job is presented, markets will react badly.

In my opinion Jay Powell has done a great job steering the US economy through the past 5+ years. Trump is close to throwing all of that work into the ash heap, and could come close to setting off an immediate recession, with trillions in debt no longer of interest to investors worldwide.

Pushing out Powell will have very bad consequences for the US...