Good morning. Yesterday morning it was reported that Donald Trump met congressional Republicans to discuss firing Federal Reserve chair Jay Powell. Markets freaked. In less than an hour, 2-year Treasury yields fell 6 basis points, the S&P 500 fell 0.8 per cent and the dollar dropped. The president then denied the whole thing and markets recovered. We’re not sure what game the president is playing. While he denies plans to sack Powell, there was reportedly a draft letter firing Powell, and rumours are circulating that a replacement has been selected. Email us: unhedged@ft.com.
早上好。昨天早上有報道稱，唐納德?特朗普(Donald Trump)會見了國會共和黨人，討論解雇美聯儲主席杰伊?鮑威爾(Jay Powell)。金融市場一度恐慌。在不到一小時內，2年期美國國債收益率下跌了6個基點，標普500指數下跌0.8%，美元也走弱。隨后，總統否認了整個事件，金融市場隨之回升。我們不確定總統到底在玩什么把戲。盡管他否認有解雇鮑威爾的計劃，但據稱曾有一份解雇鮑威爾的草擬信件，并有傳言稱繼任人選已經確定。如有想法，請給我們發郵件：unhedged@ft.com。