President Donald Trump discussed removing Federal Reserve Chairman Jerome Powell, causing volatility in financial markets. While Trump denied plans to fire Powell, experts say his attacks are damaging. Stocks closed higher, but U.S. Treasury yields were mostly lower. Powell’s term ends in 2026, but he can stay on until 2028. The Supreme Court signaled Trump might not be allowed to fire Powell. Investors are waiting to see how markets will react to the situation.

Read more at Yahoo Finance: ‘Ripping the fabric of the universe:’ Trump targets Powell, and investors react