Sen. Elizabeth Warren, D-Mass., said on Thursday that the markets will “crash” if Federal Reserve Chair Jerome Powell is fired by President Donald Trump.

Trump on Thursday told reporters that Powell is “too late, always too late” and “slow,” saying, I’m not happy with him. I let him know it, and if I want him out, he’ll be out of there real fast, believe me.”

Powell has previously said that the president does not have the authority to fire him, saying that the Federal Reserve’s independence is “a matter of law.”

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