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Benzinga
Benzinga
Business
Namrata Sen

Trump's Ouster Of Fed Chair Powell Could Trigger 'Collapse' Of Currency And Bond Market, Deutsche Bank Warns

Jerome Powell Deutsche Bank Donald Trump United States George Saravelos US Federal Reserve
February,1,,2023:,Fed,Chair,Jerome,Powell,Talking,About,Inflation,

Deutsche Bank has issued a warning about the potential consequences of President Donald Trump replacing Jerome Powell as the head of the U.S. Federal Reserve.

What Happened: A research note titled “What if?” was published by the bank’s global head of FX research, George Saravelos, over the weekend. The note explores the potential market impact if Trump successfully ousts Powell and appoints someone who shares his views on lower interest rates, reported Fortune.

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