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Trump urges Bessent to "convince" Powell to drop the Intrerest Rate as soon as possible.
[Trump urges Becerra to “convince” Powell to lower interest rates soon] On November 20, at the US-Saudi Investment Forum held at the Kennedy Center, Trump stated in a speech that he would love to fire Fed Chairman Jerome Powell, but Treasury Secretary Scott Becerra was obstructing him. Trump urged Becerra to “convince” Powell to lower interest rates soon and threatened that if the Fed did not cut rates, he would fire Becerra, saying, “You have to convince him, Scott's only screw-up is the Fed. Because the Fed's interest rates are too high, Scott. If you don't solve this problem soon, I'm going to fire you.”