Top voices on Wall Street have expressed alarm over the idea that Trump could fire Fed Chair Jerome Powell, emphasizing the need for Fed independence.

Wall Street futures are trading little changed at this hour in the premarket session on Thursday (July 17). Dow Jones futures are trading 0.14% lower while S&P futures are trading near flatline. Nasdaq futures are trading 0.

Odds of Jerome Powell's removal hit new highs as Trump waves draft firing letter. Political pressure and inflation data drive markets into uncertainty.

Economists interviewed by Newsweek warned that removing Powell now would roil markets, erode trust in U.S. institutions and ultimately hurt ordinary Americans.

Trump wants Powell to lower interest rates in order to boost the economy, but the Fed chair has said the president’s tariff plans have kept him from doing so.

President Donald Trump’s feud with Federal Reserve Chair Jerome Powell continues to escalate, as the president openly discussed firing Powell in meetings with Republican lawmakers and in public remarks.

Reports that President Trump was considering trying to remove Federal Reserve Chair Jerome Powell have had a clear, if modest, effect on the bond market—even after Trump told reporters that he [wasn’t “planning on doing anything.

U.S. retail sales jumped 0.6% in June, signaling strong consumer demand despite high rates and political pressure on the Fed.

Financial markets were reacting in an understandable way to conflicting reports over the future of Federal Reserve Chair Jerome Powell, and whether President Donald Trump will or won't be firing him soon.

After a turbulent first half of the year, here's what top strategists are forecasting for the next six months.

What Trump's feud with Fed Chair Powell means for markets, individuals. Russ Wiles. Arizona Republic. ... Concern over this issue contributed to a sharp stock market drop April 21.