President Trump again attacked the chair of the Federal Reserve this week, but advisers say the president has turned more cautious on policies that could stoke extreme financial volatility again.

Removing the chair of the central bank would have severe consequences for markets and the economy, strategists warn.

President Donald Trump’s long-running ire with Jerome Powell reached a fever pitch this week, with the president openly musing about dismissing the Fed chair over his interest-rate decisions as some advisers have been counseling restraint.