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Trump teases he’ll fire Bessent if Fed doesn’t cut interest rates

Trump criticized Fed Chair Jerome Powell for slow rate cuts and threatened to fire Treasury Secretary Scott Bessent if the Fed does not lower interest rates quickly, signaling potential leadership changes.

  • Trump threatened to fire Scott Bessent, a top economic adviser, if the Federal Reserve does not cut interest rates quickly.
  • Trump said Bessent has urged him not to fire Fed Chair Jerome Powell, while Commerce Secretary Howard Lutnick wants Powell fired.
  • Markets have appreciated Bessent as "the voice of reason" in the Trump administration, according to a wealth management research director.
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  • 62% of the sources are Center
62% Center

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The New Republic broke the news in on Wednesday, November 19, 2025.
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