Markets will 'crash' if Trump can fire Fed's Powell, Elizabeth Warren warns

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U.S. Senator Elizabeth Warren (D-MA) speaks as U.S. Trade Representative Jamieson Greer testifies before a Senate Finance Committee hearing on U.S. President Donald Trump's trade policy, on Capitol Hill in Washington, D.C., U.S., April 8, 2025.

Kevin Mohatt | Reuters

Sen. Elizabeth Warren, D-Mass., warned Thursday that U.S. markets will "crash" if Federal Reserve Chairman Jerome Powell can be fired by President Donald Trump.

The comments from Warren, a frequent Powell critic, on CNBC's "Squawk on the Street" came after Trump griped hours earlier that the Fed chair's "termination cannot come fast enough!"

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