President Trump’s plan to fire Fed Chair Powell has investors on edge, fearing market destabilization and potential inflation. Turkey serves as a cautionary tale, with inflation reaching 85% in 2022 due to political interference in monetary policy. Analysts warn of dire consequences if Trump follows through. Powell’s rate hikes have kept US inflation low at 3% and unemployment at 4.1%, but Trump’s tariffs complicate matters, leading to a standoff between the president and the Fed.

Read more at Yahoo Finance: Look at Turkey if you want to know why markets hate the idea of Trump messing with the Fed