Analysis-Investors fear Trump’s attacks on Powell will pile on pain

NEW YORK (Reuters) -Investors are fearful of a deep hit to asset prices if U.S. President Donald Trump attempts to fire Federal Reserve Chair Jerome Powell, undermining confidence in the central bank’s ability to fight inflation and act independently. That could hurt the already bruised dollar, under-pressure equities and send bond yields higher, market participants said. The Fed’s credibility as the world’s most powerful central bank relies on its historic independence.

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