Market News: French Finance Minister Says Dollar Will Lose Credibility if Fed Chair Powell is Fired by Trump

French Finance Minister Eric Lombard warned that if Trump dismisses Federal Reserve Chair Jerome Powell, the development of the bond market will undermine the credibility of the dollar and destabilize the U.S. economy. Eric Lombard added that the result of Powell's dismissal would be higher debt repayment costs and severe disruption of the national economy, consequences that will eventually force the U.S. to negotiate to end the tensions.