Market News: French Finance Minister says if Federal Reserve Chairman Powell is fired by Trump, the dollar will lose credibility
Internet reports that French Finance Minister Eric Lombard warned that if Trump fires Federal Reserve Chairman Jerome Powell, it will endanger the credibility of the dollar and undermine the stability of the U.S. economy as the bond market develops. Eric Lombard added that the result of Powell's firing would be higher debt service costs and severe chaos in the country's economy, consequences that sooner or later would force the United States to negotiate to end tensions.
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