Firing Powell would hurt the dollar and U.S. economy, France says
President Donald Trump will make loyalty to the dollar and destabilize the US economy, if he carried the Federal Reserve, Jerome Powell, the French Finance Minister Erik Lombard warned.
“Donald Trump has damaged his aggressive steps against the dollar for a long time,” Lombard said in an interview published in an interview.LA TRIBUNE Sunday“If Powell is pushed out,” this reliability will be harmed more in the bond market developments. “
The result will be higher cost debt and “deep disorder of the country’s economy,” said Lombard.
Lombard’s comments come after Trump, disappointed with Powell’s carefully, and the social media reported on Thursday, which “cessation can’t come quickly.” It was not clear, he meant that he wanted to fire Powell, whether he wanted the end of his term, which is May 2026.
President Emanuel Mcron opposes a number of issues, including Ukraine, trade, and even in France to offer refuge in the United States, for which Federal research funded has decreased.
Even so, Lombard’s comments are unusually directly relevant to our internal affairs.
Read more:Trump is learning if the dust is removed says Hasst
On the tariffs, the French Finance Minister noted that the import of imported imports from the EU is not to be imported to Europe, which is in a free trade zone with the United States.
The level of 10% is “a huge growth that is not stable for the US economy and presents big risks for global trade,” said Lombard.
The Minister of Finance also called on European executive directors to show “patriotism” and work with their governments to prevent the region.
On Thursday, French billionaire Bernard Arnang, in which LVMH has champagne labels, such as Mouth & Chandon and Veuve Clicquot, as well as Henes brandy, which assumed that EU leaders are sufficiently pushing for tariffs.
This story was originally shown Fortune.com
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