According to PANews, the White House is putting pressure on Powell on the renovation of the Federal Reserve headquarters. Federal Reserve researchers said this could be a dangerous step to create legal grounds for Powell to step down.
Peter Conti-Brown, a scholar at the University of Pennsylvania, pointed out that the Trump administration used various mechanisms to fabricate an explanation for Powell's removal. This move may break the established norm of global confidence in the dollar.
Contee-Brown warned that if President Trump and his allies launched an attack on the Federal Reserve, it would cause severe instability in almost all aspects of the global economy.