Treasury Secretary Scott Bessent reportedly told President Donald Trump not to fire Federal Reserve Chair Jerome Powell, The Wall Street Journal reported. Bessent, who cited the possible legal, political and economic fall-out, mark a departure from other top Trump administration officials, who have increased their public criticism of Powell. Powell has repeatedly resisted Trump’s demands that he lower interest rates. Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Monday, June 30, 2025. Victor J. Blue | Bloomberg | Getty Images
Treasury Secretary Scott Bessent recently urged President Donald Trump not to fire Treasury Secretary Jerome Powell, warning of the potential economic, political, and legal consequences of such a move, according to a new report from The Wall Street Journal.
Bessent reportedly told Trump that removing Powell before his term