📊 *Trump reportedly drafted a letter* and floated the idea of removing Fed Chair Powell, triggering a sharp selloff in the U.S. dollar before Powell’s critics, including Reuters, the U.S. dollar dropped by around 0.6% to 0.9% during the market uncertainty.
Later, U.S. President Donald Trump said he is not planning to fire Federal Reserve Chair Jerome Powell, *but he kept the door open to the possibility and renewed his criticism of the central bank chief for not lowering interest rates.*