There's been some commotion over in the U.S. I heard that U.S. Treasury Secretary Mnuchin recently advised Trump not to fire Federal Reserve Chairman Powell! This news came from BlockBeats, reportedly leaked by insiders.

Why does Mnuchin say this? He gave several reasons. First of all, the U.S. economy is doing quite well right now, and the stock market is also performing nicely; whatever policies Trump pushes, the market seems to buy into it. Moreover, the Federal Reserve is expected to cut interest rates twice more this year. If Trump were to fire Powell at this moment, wouldn't that just create trouble for himself?

Furthermore, this isn't just a simple matter where the president can fire someone on a whim. Mnuchin mentioned that if you really fire Powell, he will definitely sue you. With all the back and forth, by the time it drags on until next spring, Powell's term will be over anyway, making it all pointless! Plus, there's a guy named Quarles on the Federal Reserve Board whose term ends in January, while Powell's term ends in May. Trump could easily arrange to have his own person in place after their terms end, so why the urgency to change things now?

Interestingly, Mnuchin's suggestion is quite different from what some other officials think. Some officials might feel they need to be more aggressive, but Mnuchin is particularly cautious. If you ask me, these officials consider problems differently, thinking of all aspects. However, whether Trump will actually take this advice is hard to say, given that everyone knows his style of doing things...