President Trump expressed a desire to see Federal Reserve Chair Jerome Powell resign, indicating that directly removing him could disrupt markets. The comments were made in an interview with the Real America's Voice network,

With the caveat that this is a low-probability event, we discuss what the implications of an early departure of Powell would mean for Treasuries and the dollar. We assume that an early departure of Powell would be followed quickly by a replacement super-dove as head of the Federal Reserve.

"I certainly think there are lessons to be learned there that the administration should be aware of," said Morningstar Wealth's Dominic Pappalardo.

Mr Trump has repeatedly criticised Mr Jerome Powell for being “too late” in cutting interest rates. Read more at straitstimes.com. Read more at straitstimes.com.

President Trump’s public demand for Powell’s resignation has ignited fears of a brewing crisis at the Fed, sending crypto investors into high alert.

A Fed chief warmer to cutting rates could have a mixed effect on equities but could weaken the U.S. dollar, increase volatility in the Treasurys market and raise longer-term rates.

The investing world will be watching U.S. factory inflation on Wednesday, after consumer price data pulled Wall Street back from all-time highs overnight, with Fed predictions of tariff-induced inflationary effects starting to be realized. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.

The latest federal data release showed nonfarm payrolls increasing by 147,000, edging down but still in line with previous readings, while adjusting April and May figures upward.