French Finance Minister Eric Lombard issued a warning Sunday that removing Federal Reserve Chair Jerome Powell would negatively impact the U.S. dollar and economy, potentially causing increased borrowing costs and economic instability. He stated that Trump’s aggressive tariffs on trade have already undermined the dollar’s credibility. According to Lombard, if Powell is dismissed, this further damage could be amplified through the bond market, leading to a severe economic disruption in the U.S. This comes after President Donald Trump repeatedly hinted at his desire to fire Powell and has even expressed support for such a move on social media. His administration’s advisors urged caution, emphasizing the potential risk of destabilizing global financial markets due to a breach of central bank independence traditions. The White House is currently exploring legal and regulatory implications before taking action. The debate continues with Kevin Hassett, from the National Economic Council, acknowledging Trump’s interest in removing Powell, but acknowledging this move could be controversial as he would need cause to dismiss him.