Donald Trump, Fed and Scott Bessent
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President Donald Trump on Sunday disputed a Wall Street Journal story alleging that Treasury Secretary Scott Bessent urged him to avoid firing Federal Reserve Chair Jerome Powell partly over concerns about the impact of his potential removal on the U.S. economy, declaring that he knows “better than anybody what’s good for the Market.”
Jerome Powell has long been a target of President Donald Trump, who has repeatedly criticized the Fed chair for not cutting interest rates.
US Treasury Secretary Scott Bessent weighed in on the latest Fed drama, pointing to the "fear-mongering" around tariffs and the potential for higher inflation.
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Benzinga on MSNTrump Says He Doesn't Need Scott Bessent's Advice To Fire Jerome Powell- 'I Know Better Than Anybody What's Good For The Market'President Donald Trump criticized a Wall Street Journal article that reported his Treasury Secretary, Scott Bessent, had advised against firing Jerome Powell, the Federal Reserve Chairman.
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Amazon S3 on MSNTrump Says He Doesn't Need Scott Bessent's Advice To Fire Jerome Powell- 'I Know Better Than Anybody What's Good For ThePresident Donald Trump criticized a Wall Street Journal article that reported his Treasury Secretary, Scott Bessent, had advised against firing Jerome Powell, the Federal Reserve Chairman.