Trump may be testing the waters by threatening to fire Fed’s Powell. Why he’s playing a dangerous game. - MarketWatch
1. Trump's firing plan for Powell caused initial market volatility. 2. TMUBMUSD30Y yield rose to 5.021%, reflecting ongoing bond market concerns. 3. Investor confidence may be wavering due to Trump's controversial decisions. 4. Long yields could rise further if Trump loses bond market confidence. 5. Meddling with the Fed's independence risks severe market backlash.