Stephen Brown predicts significant declines in the dollar and stocks if the Trump administration dismisses Fed Chair Powell, with potential long-term effects on U.S. Treasuries.
Stephen Brown from Capital Economics warns that if President Trump fires Fed Chair Powell, it could lead to declines in the U.S. dollar and stock markets. A more dovish successor could lower short-term yields and increase risks for the dollar, potentially resulting in a 5% decline in the DXY index.