US EditionTrump will be hit with $60bn bill if he sacks Powell: Analysis
UNITED STATES, JUL 20 – Treasury Secretary Scott Bessent warned that firing Federal Reserve Chair Jerome Powell could cause a $60 billion market disruption and face significant legal challenges.
- This past week, reports said President Donald Trump considered firing Federal Reserve Chair Jerome Powell, risking a $60 billion penalty and market chaos.
- Amid talk of Powell's ousting, Bessent advised against removal, citing potential economic disruptions and legal challenges.
- Market odds at 70% show investors are pricing in Powell's replacement, implying a potential erosion of Fed independence.
- He then withdrew firing plans, and Trump affirmed he likes Scott Bessent where he is now, on Tuesday.
- According to The Wall Street Journal, Bessent forecasted rate cuts while Trump considers upcoming Fed vacancies for influence.
23 Articles
23 Articles
Last week, reports emerged that Donald Trump was considering firing the Fed chief. Shortly afterwards, Trump announced that it would not happen. Now, sources tell the Wall Street Journal that Trump's Treasury secretary advised him against it.
Colorado Springs Gazette
DailyTruthReportTrump denies report that Bessent advised him against firing Powell
President Donald Trump pushed back on a report from over the weekend that revealed Treasury Secretary Scott Bessent listed the reasons against firing Federal Reserve Chairman Jerome Powell to the president in a private conversation, deeming it “untruthful.” The Wall…
Himes: White House warning of ‘massive market reaction’ if Trump fires Powell
Rep. Jim Himes (D-Conn.) said Sunday that a White House insider is warning President Trump of a “massive market reaction” if he fires Federal Reserve Chair Jerome Powell. “I mean, what happens if there’s a tweet that says the Fed chair is gone?” CBS’s Margaret Brennan asked Himes on “Face the Nation.” “Well, interestingly, inside... The post Himes: White House warning of ‘massive market reaction’ if Trump fires Powell appeared first on Daily Tr…
Trump Threats Send Wall Street Hunting for Perfect Powell Hedge
On Wednesday morning, as markets worldwide shuddered on news that President Donald Trump was likely to fire Jerome Powell, James van Geelen at Citrini Research wasted no time in blasting a “macro trade” alert to his some 50,000 clients.
Powell Won’t Give Trump What He Wants
Key Points Donald Trump is publicly pressuring Fed Chair Jerome Powell to cut interest rates sooner, while exploring controversial arguments—including costly Federal Reserve renovations—as potential grounds for dismissal. Analysts warn that tariffs set to take effect in August could accelerate inflation, creating a conflict if the Fed lowers rates prematurely and further fueling market volatility. Forcing Powell out would likely trigger a maj…
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Bias Distribution
- 42% of the sources are Center
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