President Trump responded angrily on Sunday to a Wall Street Journal story that Treasury Department Secretary Scott Bessent had personally sought to talk him out of trying to fire Federal Reserve Chair Jerome Powell.
Trump, who is currently suing the Journal over its reporting on his relationship with the late Jeffrey Epstein, has been aggressively trying to fire Powell over his handling of interest rates. Legal scholars do not believe Trump has the authority to oust the Fed chair unilaterally, and reports that he might try to do so have shaken Wall Street in recent days.
“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,” Trump said in a Sunday post on Truth Social.
