Firing Powell? Trump completed a TACO in just one hour.

1. Around 11 PM Beijing time on the 16th, major American media outlets began reporting news about Trump planning to fire Powell.
2. Gold soared in the U.S. after the news that Trump had drafted a letter about it, and the market trend strengthened after the news that Trump had drafted a letter about it.
On the night of the 16th around 12 o'clock, Trump denied the existence of plans to fire Powell and the firing notice, stating that he is more conservative on this matter than the Republicans. Trump indicated that he is unlikely to fire Powell unless fraud is proven in the building renovation incident.
4. U.S. stocks completely erased this wave of declines, with U.S. bonds and U.S. indices recovering some of their losses, and gold partially retreating.
5. Others: Trump also revealed that Hassett is one of Powell's successors, Powell's term ends in May next year, Powell was personally appointed to the position of Fed Chair by Trump during his first presidential term, the dismissal incident occurred a few months ago, "TACO" stands for "Trump Always Cuts Out at the Last Minute", and historically, no Fed Chair has ever been dismissed.