US EditionTrump denies another Journal report, this time on Powell, Bessent
WASHINGTON, D.C., JUL 21 – Trump denies Treasury Secretary Scott Bessent warned him against firing Fed Chair Powell despite legal and economic risks cited in the Wall Street Journal report.
- On Sunday, July 20, Trump denied that Wall Street Journal reported Treasury Secretary Scott Bessent urged him not to fire Jerome Powell, calling it `typically untruthful`.
- On Friday, July 18, Trump filed a $20 billion defamation lawsuit against the Wall Street Journal, Dow Jones & Co., News Corp, Rupert Murdoch, and two Journal reporters.
- The Wall Street Journal reported that Bessent warned last week that firing Powell would risk legal fallout, economic instability and interfere with rate cuts, noting $700 million overruns on Fed renovations, which under the 1913 Act can only lead to removal for cause.
- Investors on Wall Street showed concern after Trump denied the WSJ report, with a Dow Jones spokesperson affirming full confidence in their reporting.
- The White House plans to investigate alleged mismanagement by Powell, while Powell ordered a fresh review of the Federal Reserve building renovations from the Fed's inspector general.
27 Articles
27 Articles
Trump Slams ‘Untruthful’ WSJ Article About Treasury Secretary Warning Him to Not Fire Fed Chair: ‘I Know Better Than Anybody What’s Good for the Market’
After suing the Wall Street Journal over a story about Epstein, Trump disputed a WSJ story that said Treasury Secretary Scott Bessent warned Trump to not fire Fed chair Jerome Powell.
Bessent: The Trump administration should look into the Fed’s ‘many mistakes’
Treasury Secretary Scott Bessent said Monday he believes the Federal Reserve system should be reviewed for potentially holding back the US economy, which is “on the cusp” of growth that could equal the dot-com boom seen in the 1990s.
Trump officials to visit Fed amid renovation probe, Semafor reports
(Reuters) -U.S. President Donald Trump's administration wants to visit the Federal Reserve's Washington headquarters this week to review its $2.5 billion renovation, Semafor reported on Monday, citing White House Deputy Chief of Staff James Blair.
Trial begins in Montco slaying after wrong home targeted in home invasion
In a CNBC interview, Treasury Secretary Scott Bessent suggested for a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function. The comments come amid an intensifying conflict between the White House and the central bank. Bessent backed the idea that the Fed probably should be easing with inflation mostly moderating. Treasury Secretary Scott Bessent on Monday suggested …
Trump Denies WSJ Report on Bessent and Powell
President Trump responded angrily to a Wall Street Journal story that Treasury Department Secretary Scott Bessent had personally sought to talk him out of trying to fire Federal Reserve Chair Jerome Powell, The Hill reports.Said Trump: “Nobody had to explain that to me. I know better than anyb
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