US President Trump says we have a great new person coming in to take over the Fed; Chair Powell has done a "terrible job"; who wouldn't be lowering interest rates right now?

President Trump's comments regarding Chair Powell suggest a potential shift in the leadership of the Federal Reserve, which could evoke volatility in markets. His criticism and mention of a new appointment imply expectations for a more accommodative monetary policy, positioning the market for a dovish tilt if a new chair advocates for lower interest rates. This sentiment could drive reactions across equities, fixed income, and the USD, particularly if traders perceive a change in the Fed's policy approach.