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Benzinga
Benzinga
Business
Namrata Sen

Trump Says He Doesn't Need Scott Bessent's Advice To Fire Jerome Powell: 'I Know Better Than Anybody What's Good For The Market'

Jerome Powell Scott Bessent Donald Trump US Federal Reserve Wall Street Journal Jeffrey Epstein
Harrisburg,,Pa,-,April,29,,2017:,President,Donald,Trump,Points

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.

What Happened: On Sunday, Trump took to Truth Social to counter the article. The report suggested that Bessent had to explain to Trump the potential market consequences of firing Powell. The article also highlighted Bessent’s reasons for avoiding a dispute over Powell’s final months as Fed chair.

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