FROM WASHINGTON EXAMINER: President Donald Trump warned Treasury Secretary Scott Bessent that he could soon be out of a job after he advocated Federal Reserve Chairman Jerome Powell to continue on in his role, despite Trump’s displeasure.
“The only thing Scott’s blowing it on is the Fed, because the Fed, the rates are too high, Scott, and if you don’t get it fixed fast, I’m going to fire your ass, OK,” Trump said while speaking at the U.S.-Saudi Investment Forum on Wednesday at the John F. Kennedy Center for the Performing Arts.
Trump has long voiced his anger with Powell’s leadership as his administration wrestles with bringing down grocery prices and inflation. The president continued his ire against Powell on Wednesday, claiming that the Fed chairman has “some real mental problems.”
Trunp said he’d like to fire Jerome Powell.
“There’s something wrong with him,” Trump said, referring to Powell. “I’ll be honest, I’d love to fire his ass. He should be fired. Guy’s grossly incompetent. And he should be sued for spending $4 billion to build a little building.”
“I can’t tell you, Scott, ‘Sir, don’t fire him. Sir, please, don’t fire him. He’s got three months to go. Don’t fire him.’ I want to get him out. Scott, please. He’s a voice of reason,” Trump continued, mimicking Bessent’s advocacy for Powell. “You’re very lucky you have him, I’ll tell you that. Done a good job.”
Bessent was good-natured during Trump’s remarks, but this is the first time Trump has shared that Bessent has been defending Powell.
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The information listed is from WashingtonExaminer.
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