All three major stocks indexes slid, while bonds sold off after reports that President Trump is likely to fire Federal Reserve Chair Jerome Powell soon. President Donald Trump has told a room full of Republican lawmakers that he will fire Federal Reserve Chair Jerome Powell soon, according to reports from CNBC and Bloomberg that are citing officials who have requested anonymity. The idea of Trump firing the Fed chair has been rumored for many months, but there's been an understanding that the president has no just cause to do so.
