Market news: French finance minister says the dollar will lose credibility if Federal Reserve Chairperson Powell is fired by Trump
2025-04-20 02:56:07
French Finance Minister Eric Lombard has warned that if Trump fires Federal Reserve Chairperson Jerome Powell, it will endanger the credibility of the dollar and destabilize the U.S. economy as bond markets develop. Eric Lombard added that the result of Powell's firing will be higher debt service costs and serious disruption to the national economy, consequences that will sooner or later force the U.S. to negotiate to end tensions.
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