According to a report by Jinshi Data citing the Wall Street Journal, informed sources say that U.S. Treasury Secretary Basent privately advised Trump in recent days not to attempt to dismiss Federal Reserve Chairman Powell. Basent's reasoning focuses mainly on several themes: the potential impact on the economy and markets, the prospect that the Federal Reserve may lower interest rates later this year, and the political and legal obstacles that such a move may face. Basent believes that firing Powell is unnecessary, as the economy is performing well, the markets are responding positively to the president's policies, and Federal Reserve officials have already signaled that they may cut rates twice before the end of the year. If he is fired before the end of Powell's term, Powell could file a lawsuit, which might drag on until next spring, coinciding with the end of Powell's term. Basent also noted that Governor Kugler's term will end in January next year, and Powell's term will end in May, which will leave Trump with one or two vacancies to fill early next year. Basent's cautious attitude contrasts with some other government officials who are considering more aggressive strategies. Trump told reporters on Tuesday that he finds Basent 'reassuring'. [Chain Catcher]