Treasury Secretary Scott Bessent in recent days privately laid out his case to President Trump for why he believed Trump shouldn’t try to oust Federal Reserve Chair Jerome Powell, people familiar with the matter said.

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,

President Trump says no one needs to explain to him that firing Federal Reserve Chair Jerome Powell would be bad for the market. He knows that already. In a social media post, Trump took issue with a