President Donald Trump pushed back on a report from over the weekend that revealed Treasury Secretary Scott Bessent listed the reasons against firing Federal Reserve Chairman Jerome Powell to the president in a private conversation, deeming it “untruthful.”
The Wall Street Journal reported on Saturday that Bessent made clear his concerns about firing the Fed chairman, which Trump has denied he would do despite consistently lobbing attacks at Powell, in private talks with the president last week. Those concerns voiced to Trump were the negative effects the unprecedented removal would have on the economy and markets, the possibility that the Fed moves to cut interest rates later in the year anyway, and the likely legal backlash the move would face.
Trump trashed the report in
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