US Republicans 'meeting with Powell is reported to have cancelled Powell's stay pending
Internet reports that Trump responded to media reports that he planned to fire Federal Reserve Chairman Powell, saying that these claims were not true. There were previous reports that Trump might do this soon, triggering a decline in U.S. stocks and the dollar. Trump said, I don't rule out anything, but I think it's highly unlikely unless he has to leave for fraud in the renovation project. He said he did discuss Powell's firing with some Republican lawmakers, but he was more conservative on the issue than they were. He believes Powell has some problems in the suspected fraud investigation, and he feels Powell is already under investigation. Politico reported that Republicans on the U.S. House Financial Services Committee will meet with Powell today from 6:00 to 7:30 Beijing time. But Semafor News website reported that the dinner between lawmakers and Powell was cancelled. The dinner was likely to be aimed at resolving differences, but the cancellation of the dinner showed that the situation remained unresolved. Analysts believe that Powell has temporarily escaped disaster, and Trump may have no good reason to fire Powell at present.
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