Bloomberg is now reporting that the White House official says Pres. Trump is likely to fire Fed chair Powell soon.
CBS reported that Trump as GOP leaders late yesterday if he should fire Powell, and they concurred.
The USD has moved sharply lower.
The yield curve is steepening with the 2-year yield down -6.7 basis points to 3.893% (down -6.5 basis points). The 10 year yield is down -0.6 basis points at 4.481%. The 30 year is now up 3.5 basis points at 5.05%.
