U.S. Treasury secretary privately warns replacing Fed Chairman Powell could destabilize markets
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Planet News: Politico White House reporter Megan Messerly wrote that U.S. Treasury Secretary Bessent privately warned that replacing Federal Reserve Chairman Powell could lead to market instability. According to reports, Trump also recognized this point. Despite his continued dissatisfaction with Powell, based on Messerly's statement, Powell's position currently seems to be secure. Powell has consistently stated that he will not resign, and others have said that Trump does not have the authority to dismiss him. (Jintian)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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