US EditionIs Bessent Unhappy with Investigation of Jerome Powell? Report Reveals Treasury Secy Had Warned Trump of 'Mess'
Treasury Secretary Scott Bessent warned President Trump that the uncoordinated probe into Fed Chair Powell risks destabilizing markets amid rising political tensions, sources said.
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Is Bessent unhappy with investigation of Jerome Powell? Report reveals Treasury secy had warned Trump of 'mess'
US Attorney Jeanine Pirro's office DC launched the probe without giving a heads-up to Treasury, top White House officials or the main Justice Department, sources told Axios.
Bessent Warned Trump Over Probe Into Fed Chair
“A perturbed Treasury Secretary Scott Bessent told President Trump late Sunday that the federal investigation into the Federal Reserve chair ‘made a mess’ and could be bad for financial markets,” Axios reports. “Sunday night, Trump appeared to distance himself from the investigation of Fed chair Jerome Powell for allegedly misrepresenting the costs of renovations to the Federal Reserve’s headquarters in DC.”
Scott Bessent has previously warned Trump that tampering with central bank independence could cause a lot of trouble, and now he has again indicated that he is dissatisfied with recent developments.
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