Trump's calls to dismiss Fed governors undermine independence, Citadel CEO writes in WSJ op-ed

A potential loss of investor confidence in the central bank's ability to tackle inflation without political interference could have steep costs for the government, as it would increase the risk premium demanded by investors to hold its debt, they added. Trump has shown his discontent towards Fed Chair Jerome Powell for being "too late" to act on borrowing costs and for hurting home buyers with higher mortgage rates.