Treasury Secretary Besent responds to Trump’s invitation to the President of the Federal Reserve Powell to resign

Photo of author

By [email protected]


With the addition of more and more pressure on the Federal Reserve Chairman Jerome Powell to leave his post, President Donald Trump’s Treasury Secretary revealed what may be for a close round.

When he was asked on Thursday if he should resign Powell, Minister Scott Beesint answered that the administration was determined to “try to lose, fraud and abuse outside the system.”

“Is it good for the Federal Reserve to bear their spending under control, just like anyone else, at this time of discomfort with the belt and the right government of the federal government?” certainly “. On “Morning with Maria”.

National debt follow: American tax motivated (you) is now on a hook for 36,214,482,241,911.14 as of 7/2/25

“Do you want to see him resign?” Pay bartiromo for clarification.

Scott Bessent and Jerome Powell Spult Photo

Treasury Secretary Scott Bessin said that he “will go to where the president believes that I am best fit”, in “Al -Sabah with Maria” on Thursday. (Getty Images)

“I want to see the right size of the right size.”

In the last escalation of the dispute between Trump and Powell, the president appeared To invite Powell to resign After the head of the Federal Housing Agency (FHFA) claimed that Powell delivered a “deceptive” certificate for Congress.

Trump expressed his frustration from Powell for several months for refusing to reduce interest rates at the Federal Reserve, which he said was costing the United States “wealth”.

On Monday, Trump sent a note to Powell highlighting how other countries around the world have lower interest rates compared to the United States, as it continued to accuse Powell of maintaining “artificially high” rates. After that, Trump took his social novel on Wednesday to clarify this Powell, “He must resign immediately.”

According to the Bessent name as a possible choice for the Federal Reserve, according to the Wall Street Journal, but he was about his answers about whether he was thinking about switching.

“We have a lot of great candidates for the federal reserve. I think I have the best job in Washington. I interact with the president. The cabinet that he chose is wonderful, and that being part of the cabinet is a dream for me. But I will go where the president believes I am in the best way.”

Get Fox Business on the Go by clicking here

“I will not reveal special conversations, but I will tell you, there are many good and strong candidates, and we hope, we hope to fill two seats next year.”

Other public figures who are currently nominated at the highest level in the Federal Reserve, former Federal Reserve, Kevin Warb, include the National Economic Council Director Kevin HaysitFormer World Bank President David Malesps and Federal Reserve Governor Christopher Waller.

Read more from Fox Business

Peter Benduz in Fox Business contributed to this report.



https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/07/0/0/bessent-powell-rougher-split-getty.jpg?ve=1&tl=1

Source link

Leave a Comment