President Donald Trump accused the Federal Reserve under Chairman Jerome Powell of "choking out the housing market" in his latest attack on the central bank's decision-making.

Top voices on Wall Street have expressed alarm over the idea that Trump could fire Fed Chair Jerome Powell, emphasizing the need for Fed independence.

Markets, as well as the dollar, took a quick dive Wednesday on reports that Trump was talking about terminating Powell, but largely recovered after he appeared to walk back those sentiments. A number of companies witnessed strong performances in the earning session,