New York CNN —
There could be a revolt in global markets, including a possible collapse in the dollar and US bonds, if President Donald Trump were to take the unprecedented step of removing Federal Reserve Chair Powell from the helm of the central bank, as the president has suggested he could do.
The US dollar index, which measures the dollar’s strength against six major foreign currencies, dropped as much as 0.8% Wednesday morning after reports that Trump was moving closer to removing the Fed chair. CBS News first reported the news.
Trump later
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