Powell
U.S. President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell, Bloomberg reported on Saturday, citing sources.
Scaling back rate increases could weaken the dollar, the world’s most liquid currency, which has risen 10 percent since January.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 1.1 percent, while Japan's Nikkei stock index .N225 closed 0.9 percent higher.
The Federal Reserve’s interest rate hikes may not pose as big a risk for global financial markets and emerging market economies as many have thought.