Deutsche Bank's explosive scenario in a note titled, “What if ?”

If Trump gets his way and removes Jerome Powell as chairman of the U.S. Federal Reserve, the market reaction would be swift and brutal, Deutsche Bank’s George Saravelos argues.

It could collapse the currency and bond markets, he says in a note seen by Fortune. Polymarket puts the chances of a Powell ouster at 19%.

“We consider the removal of Chair Powell as one of the largest underpriced event risks,” Saravelos says.

  • TropicalDingdong@lemmy.world
    3·
    2 months ago

    “I’ve been so worried about losing my old life that I forgot about all the exciting new chapters that lay ahead. I could’ve never seen Ever coming, but now that he’s here, I’m thrilled by what else lies on the road ahead.”

    Well then it was all worth it, wasn’t it?