Brace for Impact: Jerome Powell’s Potential Resignation Could Rock Markets—Bessent Warns Trump

Fed Chair Jerome Powell stepping down? Markets won’t like that. At all.

Kyle Bessent—chief investment officer at Key Square Group—just dropped a warning flare for Trump’s team: Powell’s exit could trigger chaos. Liquidity dries up. Volatility spikes. And Wall Street’s algo-trading overlords start sweating through their bespoke suits.

Why it matters: The Fed’s credibility is the only thing propping up this debt-fueled circus. Remove Powell, and the entire house of cards—tech stocks, crypto, meme coins—trembles. Even gold bugs might start biting their nails.

The cynical take: Politicians love blaming central bankers when their fiscal fantasies implode. Powell resigning? Perfect scapegoat for the next crash. (Bonus jab: Wall Street will still charge 2% fees to lose your money either way.)