According to ChainCatcher, citing Jinshi's report, 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 the report, Trump also recognized this point. Despite his continued dissatisfaction with Powell, based on Messerly's account, 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 remove him.
U.S. Treasury Secretary warns that removing Powell could lead to market instability
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