#TrumpVsPowell
If Jerome Powell is dismissed, Wall Street could descend into chaos
Rumors are swirling about the possibility of Federal Reserve Chairman Jerome Powell's dismissal, and if that happens, the U.S. financial system could face a historic instability.
Powell is one of the few remaining forces trying to maintain a balance between inflation, interest rates, and the explosive impact of cryptocurrency and technology stocks.
Without him:
Market manipulation may increase - without the deterrent of traditional Federal Reserve oversight.
Institutional investors may seize control of the volatility to their advantage.
Cryptocurrency markets could either thrive or collapse overnight, depending on who takes the reins