Senate Majority Leader John Thune said markets want an independent Federal Reserve that isn't subject to political whims and suggested firing Powell could be damaging to financial markets. From a Wednesday interview on Fox: BAIER: President Trump asked House Republicans on Tuesday during a meeting in the Oval whether he should fire the Federal Reserve chair, Jay Powell. They expressed approval. So as the head of the Senate Republicans, do you think the President should fire the Fed chair? What do you think that would do? THUNE: Well, I think that ultimately the president probably will make that decision based on what he thinks the market, how the markets will react. BAIER: How do you think they would react? THUNE: I think the markets want an independent Federal Reserve. I think they want a central bank that isn't subject to the whims of politics. There is an argument and a very compelling one with respect to the policies that the chairman has put out there. And I think that's what the president and many people around the country are responding to. But ultimately he's going to serve out a term and there will be a new Fed chairman. So my assumption is based on what the President said today, that he's not going to do anything about this anytime soon.