Eric Lombard, French Finance Minister Eric Lombard, warned that President Donald Trump will put the dollar’s credibility at stake and destabilize the American economy if the Federal Reserve President Jerome Powell launches.
Lombard said in an interview published in an interview withLa Tribune Dimanchenewspaper. If Powell is expelled, “This credibility will be affected more, with developments in the bond market.”
Lombard said that the result will be the highest cost of debt service and “lack of deep organization of the country’s economy,” adding that the consequences will bring the United States sooner or later to talks to end tensions.
Lombard’s comments come after Trump, frustrating against Powell’s warning against lowering American interest rates, on social media on Thursday that “ending Powell could not come quickly enough.” It was not clear whether he meant that he wanted to launch Powell or was keen at the end of his term, May 2026. The director of the National Economic Council, Kevin Haysit, said on Friday that Trump was studying whether he could shoot him.
President Emmanuel Macron has opposed a series of issues including Ukraine and Trade, and even a shelter in France presented to scientists in the United States who have been reduced funding of federal research.
However, Lombard’s comments are unusually directly on local matters.
Read more:Haysit says Trump is studying if the Powell’s removal is a choice
On the customs tariff, the Minister of Finance in France said that the 10 % customs tariff imposed by Trump on imports from the European Union does not constitute a “common ground” and that the goal of Europe is the free trade zone with the United States.
Lombard said that the level of 10 % is “a significant, non -sustainable increase in the American economy and represents significant risks to global trade.”
The Minister of Finance also called on European executives to show “patriotism” and work with their governments so that the region does not lose.
On Thursday, the French billionaire Bernard Arnolt, whose collection has LVMH suits like Moët & Chandon and Veuve Clickquot as well as hennessy cognac, indicates that European Union leaders were not pushing enough strongly to agree definitions.
This story was originally shown on Fortune.com
