Concern about US President Donald Trump removing the Federal Reserve chairman will continue to linger over markets and put pressure on the dollar and Treasuries until it is resolved, said George Saravelos,

Top voices on Wall Street have expressed alarm over the idea that Trump could fire Fed Chair Jerome Powell, emphasizing the need for Fed independence.

This past April, when President Donald Trump started flirting with the notion of firing Fed Chair Jerome Powell, stocks and the dollar tumbled because investors worried that even talking about such a move crossed a red line.

U.S. Treasury yields moved higher on Wednesday after President Donald Trump shut down speculation that he plans to fire Fed Chair Jerome Powell.

Deutsche Bank responded by suing Mr. Trump, demanding that he immediately repay the portion of the loan, $40 million, that he had personally guaranteed. The litigation lasted into 2010.

Key Takeaways The administration has admonished Federal Reserve Chair Jerome Powell for costly repairs to the central bank's main buildings.The Fed says the repairs were needed to address the disrepair of a building that hadn't been renovated since it was built in the 1930s.

Financial markets, which have shown increasing insensitivity to tariff threats from the US, will face a test at the Monday open after President Donald Trump declared a 30% rate for the European Union and Mexico effective Aug.

In 2012, Deutsche Bank lent the Trump Organization a total of more than $100 million to finance the 72-hole Doral resort near Miami, home to the famed Blue Monster course.