Meeting Between US Republicans and Powell Reportedly Canceled as Powell’s Future Remains Uncertain

According to Jinse Finance, Trump has responded to media reports claiming he intends to fire Federal Reserve Chairman Jerome Powell, stating that these claims are untrue. Previous reports suggested that Trump might take such action soon, which led to declines in U.S. stocks and the dollar. Trump said, "I do not rule out any possibilities, but I think it is extremely unlikely unless he is forced to resign due to fraud in renovation projects." He mentioned that he had indeed discussed the issue of dismissing Powell with some Republican lawmakers, but his stance on the matter is more conservative than theirs. Trump believes Powell has some issues in the ongoing fraud investigation and feels that Powell is already under investigation. According to Politico, Republican members of the U.S. House Financial Services Committee are scheduled to meet with Powell today from 6:00 to 7:30 Beijing time. However, Semafor reported that the dinner between lawmakers and Powell was canceled. The dinner was likely intended to resolve related disagreements, but its cancellation indicates that the situation remains unresolved. Analysts believe that Powell has temporarily dodged a bullet, and Trump currently may not have legitimate grounds to dismiss him.