Recently, a storm surrounding Federal Reserve Chairman Jerome Powell has caused a stir in Washington. U.S. media reports suggest that Trump may consider firing Powell, and this news quickly provoked a strong reaction in the financial markets.

In just one hour, the market experienced astonishing volatility. The stock market, bond market, and foreign exchange market were all severely impacted, while gold prices saw a significant increase. Investors are speculating about the potential impact this personnel change may have on U.S. economic policy.

However, just as the market was plunging into panic, Trump himself quickly issued a statement denying rumors of firing Powell. He emphasized that he would not consider firing the Federal Reserve Chairman unless fraud was found. This statement seemed to temporarily calm market concerns, and the U.S. stock market subsequently recovered its earlier losses.

It is worth noting that in the history of the Federal Reserve, there has never been a precedent for a president firing the chairman of the Federal Reserve. This event again highlights the profound impact of political factors on financial markets. The relationship between the Trump administration and the Federal Reserve has been under close scrutiny, and this incident will undoubtedly further intensify that tension.

Analysts point out that although the recent turmoil has temporarily subsided, the market will continue to closely monitor the interactions between the White House and the Federal Reserve. The future direction of U.S. monetary policy, as well as the potential impact of political forces on the independence of the central bank, will become the focus of investor attention.

As the situation continues to develop, the financial markets may experience more volatility. Investors need to remain vigilant and closely monitor subsequent dynamics to respond to potential market risks.