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According to Odaily, Stephen Brown, Deputy Chief Economist for North America at Capital Economics, highlighted in a report the potential market reactions if U.S. President Donald Trump follows through on his threat to dismiss Federal Reserve Chairman Jerome Powell. Brown noted that such a move could lead to declines in the dollar, stocks, and short-term bond yields, while long-term yields might surge. Trump has dismissed reports of his intention to fire Powell, calling it "highly unlikely." However, a new Federal Reserve chair could be announced well before Powell's term ends in May 2026. Brown emphasized that even with a change in leadership, it is improbable that the Federal Reserve would cut interest rates by 300 basis points as Trump has suggested.