<ul data-eligibleForWebStory="false"><li>President Trump's criticism of Fed Chair Powell and threat to remove him is a significant risk to market stability, according to Deutsche Bank.</li><li>Markets are not fully pricing in the risk of Powell's removal, with just a 20% chance of it happening this year.</li><li>If Powell is removed, it could lead to a meltdown in currency and bond markets, with the dollar plunging and US Treasurys selling off.</li><li>Deutsche Bank warns that the consequences of removing Powell could include higher inflation, increased borrowing costs, and disruptive market moves.</li></ul>

Why Trump removing Powell is the market's most underestimated risk

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