Trump on the hook for billions if Fed Chair fired

 

President Donald Trump could trigger a financial shockwave costing the U.S. government up to $60 billion if he follows through on threats to fire Federal Reserve Chairman Jerome Powell.

 According to analysts, removing the head of the U.S. central bank would likely spark a surge in Treasury yields, as investors react to fears of rising inflation. That jump could increase the government’s borrowing costs, adding to the national debt.