Trump urges Bescente to "convince" Powell to cut interest rates soon
2025-11-20 07:58:29
Speaking at the Sands Investment Forum at the Kennedy Center on November 20, Mr. Trump said he was tempted to fire Jerome Powell, the Fed chairperson, but that Treasury secretary Scott Bescent was standing in his way. Mr. Trump urged Mr. Bescent to "convince" Mr. Powell to cut interest rates as soon as possible and threatened to fire Mr. Bescent if the Fed did not. "You've got to convince him that the only thing Scott messed up is the Fed. Because interest rates at the Fed are too high, Scott. If you don't fix this soon, I'm going to fire you."
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
