Lagarde calls on Trump: Hope he doesn't fire Powell

ChainCatcher news, according to Jinshi reports, European Central Bank President Lagarde clearly stated her hope that U.S. President Trump does not fire Federal Reserve Chairman Powell. When asked whether this situation constitutes a significant market risk, Lagarde said, "I sincerely hope it won't happen… This should not become a real threat."

In response to reporters' follow-up questions, Lagarde declined to comment on the market impact of a "hypothetical scenario," emphasizing her firm belief that this matter "is not under consideration."

Recently, Trump has been continuously pressuring Powell to cut interest rates, warning that otherwise it will lead to an economic slowdown. Powell countered last week, stating that the trade war could simultaneously suppress growth and raise inflation, and reiterated that the Federal Reserve will maintain policy patience.