Insiders: Bezos repeatedly urged Trump not to dismiss Powell.

According to reports, sources familiar with the matter said that US Treasury Secretary Mnuchin recently privately advised Trump not to attempt to dismiss Federal Reserve Chairman Powell, because the economy is performing well, markets are responding positively to the president's policies, and Fed officials have signaled that they may cut interest rates twice before the end of the year. Mnuchin said that if Powell were to be fired before the end of his term, Powell may sue, and the lawsuit could drag on until next spring, when Powell's term would be ending anyway. Mnuchin also pointed out that Governor Quarles' term will end in January next year, and Powell's term will end in May, which will leave Trump with one or two vacancies to fill at the beginning of next year. Mnuchin's cautious approach contrasts with some other government officials who are considering more aggressive strategies. Trump told reporters on Tuesday that he finds Mnuchin "reassuring."