U.S. President Donald Trump said on Friday that Federal Reverse Chairman Jerome Powell should be "put out to pasture." He made the comments in a Truth Social post, where he ordered the firing of U.S.

President Trump continued his verbal attacks against Fed Chair Jerome Powell, calling him "stubborn" and saying the Federal Reserve's board of governors should take control.

“If they don’t dissent, then the stock and bond markets could rally significantly on expectations that the FOMC participants are leaning toward cutting [in September], thus placating the two potential dissenters,” said veteran strategist Ed Yardeni of Yardeni Research.