Part 2/9:
Trump's escalating criticism towards Powell raised questions about the stability of the Federal Reserve. Rumors about the possibility of Powell being fired further exacerbated concerns on Wall Street. This rumor came in the wake of a conversation with Kevin Worsh, who reportedly advised against making such a drastic move. In the podcast, Taylor emphasized the potential ramifications of Powell's dismissal— a chaotic upheaval that might lead to significant sell-offs in the bond markets, especially if a less competent replacement were to be appointed.