Firing Powell Would Hurt the Dollar and US Economy, France Says

President Donald Trump would put the credibility of the dollar on the line and destabilize the US economy if he fired Federal Reserve Chair Jerome Powell, French Finance Minister Eric Lombard warned.

“Donald Trump has hurt the credibility of the dollar with his aggressive moves on tariffs — for a long time,” Lombard said in an interview published in the La Tribune Dimanche newspaper. If Powell is pushed out “this credibility will be harmed even more, with developments in the bond market.”

The result would be higher costs to service the debt and “a profound disorganization of the country’s ...