Scott Besant, US Treasury Secretary, New York, during a Bloomberg Television Interview at the US, on Monday, June 30, 2025.
Victor J. Blue | Bloomberg | Getty images
chairman Donald Trump Refused on sunday Wall Street Journal Report Suggestion of discipline secretary Scott Besant Talked out of firing Federal Reserve Chair Jerome Powell,
Besant allegedly told Trump that the removal of Powell before his tenure may lead to negative reaction in the economy and financial markets in the next spring, and the Central Bank could be pushed into an unwanted legal and political fields, the Journal described the matter reflecting the matter.
The journal said that Besent also argued that the Fed is ready to cut interest rates this year, which is unnecessary to remove Powells. The President has strictly criticized Powell in the past for not reducing short -term rates.
But Trump disputed the journal Story in one Truth social post On Sunday, it is called “usually untrue”.
“I know better than anyone what is good for the market, and what is good for the USA,” Trump wrote.
“People don’t explain me, I explain them!” He said.
Besant’s comments for Trump marked a departure from other top colleagues of the President, some of which have increased their criticisms of Powell in recent weeks.
But carping has increased in recent weeks, the top officials of the Trump administration have reduced the Central Bank to zero. $ 2.5 billion renewal project,
white House Office of Management and Budget Director Russell watt Pavel is accused that “Fed was misbehaved,” pointing to the cost of the renewal project as an example.
Vough Pavel replied to this week.
“The board believes that it is very important to provide transparency for our decisions and to be accountable to the public,” Powell wrote.
Removing Powell before its tenure, which will be an unprecedented step, Probably triggers a legal conflict It can air in the US Supreme Court.
He sued media Mogul after Trump’s dismissal of Journal Story Rupert MurdochAn article after the newspaper published that Trump had sent his then friends. Jeffrey Epstein A “Bawdi” letter for Epstein’s 50th birthday,
Trump is demanding loss of no less than $ 10 billion in the trump case, including Murdoch, his company name News Corp And its CEO Robert Thomson, Journal publisher, Dow Jones & Company, and two reporters wrote the article as defendants.
The Treasury Department and the White House did not respond to the CNBC request for comments.
