The U.S. dollar plunged Thursday to a three-year low after word got out that President Donald Trump is plotting to announce a MAGA-friendly Federal Reserve chair as early as this summer. Peeved at Federal Reserve Chair Jerome Powell’s refusal to slash interest rates,

Indications that President Donald Trump could move early to name a successor to Federal Reserve Chair Jerome Powell sent the U.S. dollar skidding to a three-year low Thursday as investors fretted over a potential blow to the central bank’s independence while also weighing the prospect that interest rates may come down sooner than previously expected.