Core Viewpoint - The article discusses the internal dynamics within the U.S. government regarding the potential dismissal of Federal Reserve Chairman Jerome Powell, highlighting the advice from Treasury Secretary Mnuchin against such a move due to possible economic, political, and legal repercussions [1][2][3]. Group 1: Economic Implications - Mnuchin has indicated that Powell's potential dismissal could lead to negative market reactions and a lack of immediate influence over monetary policy [3]. - Trump has publicly called for a 3% interest rate cut, suggesting it could save the U.S. $1 trillion annually, citing low inflation rates [2]. Group 2: Political Dynamics - There is a division within the Trump administration regarding Powell, with some officials criticizing the Federal Reserve's renovation project, which has exceeded its budget by $700 million, reaching a total of $2.5 billion [4]. - Mnuchin's advice reflects a broader concern that firing Powell could lead to a leadership vacuum and complicate the confirmation of a successor, especially given the potential for Senate gridlock [2][3]. Group 3: Future Leadership - The selection process for the next Federal Reserve Chairman has reportedly begun, with candidates including current economic advisor Kevin Hassett and former Fed governors [5]. - Powell's current term is set to expire in May next year, and his first term was appointed by Trump while his second term was appointed by Biden [5].