Firing Powell would hurt the dollar and U.S. economy, France says

Quick Summary:

"Donald Trump has hurt the credibility of the dollar with his aggressive moves on tariffs—for a long time,” French Finance Minister Eric Lombard said.

On Thursday, French billionaire Bernard Arnault, whose group LVMH owns Champagne labels like Moët & Chandon and Veuve Clicquot as well as Hennessy Cognac, seemed to suggest that EU leaders weren’t pushing hard enough for an accord on tariffs.

Even so, Lombard’s comments are unusually direct about US domestic matters.

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Article Details

Author / Journalist: Tara Patel, Bloomberg

Category: EconomyBusiness

Markets: United StatesFrance

Topics: Jerome powell Donald Trump Federal Reserve Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-19 @ 21:00:57 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 348 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 58 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28006546

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 6 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #95

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