The Financial Post reports in its Wednesday edition that market sentiment currently straddles the line between fear and greed, characterized by confusion and uncertainty. A Financial Times dispatch to the Post reports that investors are caught in a frustrating environment where opportunities for losses abound. Analysts at Rabobank aptly describe the situation with the metaphor of a pantomime villain: Donald Trump, whose rapid shifts in economic policy are bewildering. Recently, he panned Federal Reserve chair Jay Powell on his Truth Social platform, claiming he wished to terminate him. Mr. Trump's later assertion that he had "no intention" of firing Powell contradicts his earlier remarks, highlighting the unpredictability surrounding his influence in financial matters. So, no harm done, right? Not quite. For one thing, the cat is out of the bag. The Fed's independence has been undermined. We now know with even more certainty than before that Mr. Trump wants a Fed chair who will cut interest rates in an effort to fix the economic mess he is making, even despite the risk that inflation bubbles up again. This whole ordeal unnecessarily increased volatility in already jittery markets, leading to potential market accidents.