Lagarde calls on Trump to not fire Powell

According to Golden Finance, European Central Bank President Lagarde has made it clear that she hopes US President Trump will not dismiss Federal Reserve Chairman Powell. When asked if this constitutes a significant market risk, Lagarde said, "I sincerely hope it won't happen... this shouldn't be a real threat." Faced with reporters' questioning, Lagarde refused to comment on the market impact of the "hypothetical scenario," emphasizing her firm belief that this matter is "not under consideration. Recently, Trump has continued to pressure Powell to cut interest rates, warning that otherwise it will lead to an economic slowdown. Powell retaliated last week, stating that a trade war could simultaneously suppress growth and push up inflation, and reiterated that the Federal Reserve will maintain policy patience.