Thew Wall Street Journal (gated) carries the article. In brief:
Treasury Secretary Scott Bessent recently made a private appeal to President Trump, urging him not to try to remove Federal Reserve Chair Jerome Powell, according to people familiar with the discussions.Bessent argued that dismissing Powell could create unnecessary turmoil, highlighting potential risks to the economy and financial markets, as well as the legal and political hurdles such a move would face. He also noted that the Fed is already signalling rate cuts later this year, making a confrontation with Powell unwarranted. One source said Bessent pointed out that the economy is performing well and markets are responding positively to Trump’s policies, reinforcing his case against taking drastic action.This makes sesne. US long yields have been surging, which is a major headache for Bessent trying to fund the government (making it more expensive for the UIS government ot borrow). Bessent has been trying everything to bring yields back down. Firing Powell would likely send them even higher, so Bessent has had a word with the big boss to try and talk some sense into him.
Visit investingLive.com (formerly ForexLive) for additional perspectives.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about bessent urges trump not to fire fed chair powell in private pitch to keep stability was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Bessent urges Trump not to fire Fed Chair Powell in private pitch to keep stability )
Also on site :
- I-70 closed in Glenwood Canyon for safety concerns, police activity
- Russian cat becomes world champion 2025
- What we know about the alleged arson at Mississippi’s largest and oldest synagogue