The US Treasury Secretary warns that replacing Powell could lead to market instability

Politico White House reporter Megan Messerly wrote that U.S. Treasury Secretary Bessent privately warned that replacing Federal Reserve Chairman Powell could lead to market instability. According to reports, Trump also realized this, so despite his renewed dissatisfaction with Powell, according to Messerly, Powell's position seems safe for now. Powell has always said he will not resign and others have said Trump does not have the power to dismiss him.