The global market faces turmoil following news that U.S. President Donald Trump may remove Federal Reserve Chairman Jerome Powell, shaking investor confidence and causing a record drop in the dollar’s value. The dollar hit its lowest level against the euro in nearly four years, with fears of political interference undermining the Fed’s credibility and future interest rate clarity. Meanwhile, the euro, pound, yen, and Swiss franc strengthen amid rising global economic uncertainty and expectations of U.S. interest rate cuts.