Trump may soon dismiss the Federal Reserve Chair
According to a report by Jinse Finance, citing several major U.S. media outlets and CCTV News, on the morning of July 16 (Eastern Time), after being asked by Republican lawmakers whether Federal Reserve Chairman Jerome Powell should be dismissed, U.S. President Trump has drafted a letter to remove Powell and is expected to announce Powell's dismissal soon. Influenced by these reports, U.S. Treasury yields have declined.
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