Trump rejects WSJ story on Bessent warning against firing Powell
Trump pushed back against The Wall Street Journal's reporting that in the past few days Treasury Secretary Scott Bessent privately laid out his case to Trump on why he shouldn't try to push out Federal Reserve Chair Jerome Powell.
According to the report, Bessent's explanations included the potential economic and market effects, the prospect that the Fed is already moving toward cutting interest rates later this year, and the likely political and legal obstacles that such an action would face.

In a post on his social media platform, Trump fired off against the outlet, saying he knows what is best for the country.
"The Wall Street Journal ran a typically untruthful story today by saying that Secretary of the Treasury, Scott Bessent, explained to me that firing Jerome "Too Late" Powell, the Worst Federal Reserve Chairman in History, would be bad for the Market. Nobody had to explain that to me. I know better than anybody what's good for the Market, and what's good for the U.S.A.," Trump wrote.
-ABC News’ Hannah Demissie






