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.

Treasury Secretary Scott Bessent advised President Trump against firing Federal Reserve Chair Jerome Powell, arguing that such a move could harm markets, disrupt the economy and face serious legal and political hurdles,

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