Because he views the U.S. presidency as simply a spin-off of The Apprentice, last fall, Donald Trump went about selecting a new Federal Reserve chairman as though he was picking the winner of his reality-TV show. He made sure to tip off the press before each one-on-one interview. He threw in a midseason plot twist, cutting former Fed favorite Gary Cohn out of the running. He asked a group of random congressmen to raise their hands for their favorite candidates. And, the pièce de résistance: he put out an actual teaser trailer in which he hyped up the forthcoming announcement, telling viewers that he was fully aware they were “anxiously awaiting my decision as to who the next head of the Fed will be,” and that they shouldn’t worry, because “everyone will be very impressed.” In the end, the “winner” was Jerome Powell who, despite Trump’s track record, actually wasn’t a terrible pick! Powell has experience in both government and on Wall Street, he worked at the U.S. Treasury under George H.W. Bush, and he was nominated to the Fed Board of Governors by Barack Obama. Compared to nine-tenths of the other people working in the administration, Powell is downright over-qualified for the job. Which means that it’s only a matter of time before Trump turns on him.

Powell’s first day on the job was Monday, February 4, which, as you may recall, was the day the Dow suffered its biggest single-day point drop in history. For the rest of the week, investors were basically on a roller coaster ride from hell, with the S&P 500 officially entering a “correction” on Thursday, and the Dow dropping 1,022 points at one point on Friday before surging in the last few minutes of trading to end the day up 330 points. Many are bracing for more volatility in the coming weeks, for a variety of reasons exacerbated Trump’s tax cuts. Investors are worried that the cuts combined with strong wage growth will cause Powell to raise interest rates in the near future, in order to slow down a roaring economy onto which the president basically just dumped a bunch of gasoline. That would certainly cool things off, but would also dampen the growth spurt Trump is trying so desperately to achieve, which would make the presidential man-child very angry. And we all know what happens when the man-child gets angry.

“We could suddenly see tweets about Jay Powell in the middle of the night,” Harvard economist Kenneth Rogoff told Bloomberg TV during a prescient interview last month. The Fed, of course, is an independent institution, but remember that we’re dealing with a president who reportedly wanted the director of the F.B.I. to take a pledge of loyalty to him, and then fired the guy when said pledge was rebuffed. Even before Trump was sworn into office, observers worried he would try to bend the Fed to his will, à la Richard Nixon. “I’m worried about the pressures to politicize the Fed,” Charles Plosser, former president of the Federal Reserve Bank of Philadelphia, told reporter Peter Coy. “I think it’s going to get stronger.” That Powell is unlikely to be intimidated by Trump makes a series of social media-based tantrums all the more likely. “I don’t think [Powell] is inclined to be irresponsible just to support the president,” Julia Coronado, a former Fed staffer told Businessweek—which probably all but guarantees a presidential breakdown.

Really, all that‘s left for Trump to do at this point is to come up with a derogatory epithet for Powell and hit send. Cohn might not be happy with the outcome, but ultimately, he may have dodged a bullet.

If you would like to receive the Levin Report in your inbox daily, click here to subscribe.