Trump says he would love to fire Fed chair Powell

The Manila Times

Trump says he would love to fire Fed chair Powell   US President Donald Trump on Wednesday, November 19, doubled down on his criticism of Federal Reserve Chairman Jerome Powell for not lowering interest rates more quickly, saying: "I'll be honest, I'd love to fire his ass."  Trump, speaking at a Saudi Arabia-backed investment forum in Washington, urged his Treasury secretary, Scott Bessent, to accelerate the hunt for a successor for Powell.  "You've got to work on him, Scott. The only thing Scott's blowing it on is the Fed," Trump said about Bessent, who was in the audience for the event at the Kennedy Center in Washington.  "The rates are too high, Scott, and if you don't get it fixed fast, I'm going to fire your ass," Trump said, apparently in jest.  Bessent, which is leading the search for a new Fed chair, on Tuesday told Fox News that Trump is slated to meet the three finalists for the job after Thanksgiving, with a new pick likely to be announced before Christmas.  Trump has repeatedly praised Bessent's work, and has said the Treasury secretary would be his pick for the Fed job, although Bessent has told him he would rather remain at the helm of Treasury and the Internal Revenue Service.   REUTERS VIDEO   Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe  Visit our website at [https://www.manilatimes.net](https://www.manilatimes.net/)   Follow us:  Facebook - https://tmt.ph/facebook  Instagram - https://tmt.ph/instagram  Twitter - https://tmt.ph/twitter  DailyMotion - https://tmt.ph/dailymotion   Subscribe to our Digital Edition - https://tmt.ph/digital   Check out our Podcasts:  Spotify - https://tmt.ph/spotify  Apple Podcasts - https://tmt.ph/applepodcasts  Amazon Music - https://tmt.ph/amazonmusic  Deezer: https://tmt.ph/deezer  Stitcher: https://tmt.ph/stitcher  Tune In: https://tmt.ph/tunein   #TheManilaTimes  #WorldNews

Transcript

00:00Thank you very much, and it's great to be here today at the U.S. Saudi Investment Forum.

00:14And eggs are way down now. Mortgage rates are down despite the Fed.

00:18I mean, Scott, you've got to work on this guy. He's got some real mental problems.

00:23No, there's something wrong with him.

00:24It's just, I'll be honest, I'd love to fire his ass. He should be fine.

00:31The guy's grossly incompetent, and he should be sued for spending $4 billion to build a little building.

00:40I'm building a ballroom that's going to cost a tiny fraction of that, and it's bigger than the whole thing put together.

00:48You've got to work on him, Scott.

00:50The only thing Scott's blowing it on is the Fed.

00:55Because the Fed, the rates are too high, Scott.

00:59And if you don't get it fixed fast, I'm going to fire your ass, okay?

01:03You, baby, we have to be back.

01:09We don't need you.

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