#BinanceLeadsQ1 On Thursday, Trump posted on Truth Social, calling Powell "always TOO LATE AND WRONG" and added that "his firing could not happen fast enough."

On Thursday, Trump posted on Truth Social, calling Powell "always TOO LATE AND WRONG" and said that "his firing could not come fast enough."

A senior White House official later clarified that this was not an official effort to fire Powell. However, the harsh tone shook the markets and caused lawmakers to be concerned.

Powell has previously stated that a president cannot fire a Fed chairman without cause – and so far, no legal steps have been taken.