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Trump to Treasury Chief: Fix Fed Rates or You’re Fired
Investopedia·2025-11-20 09:01

In pressuring the Federal Reserve to lower its benchmark interest rate, President Donald Trump is putting a twist on his "you're fired" catchphrase from his days as a game show host. Speaking at a Saudi Arabian investment forum in Washington, D.C. on Wednesday, Trump not only renewed his frequently repeated threats to fire Fed Chair Jerome Powell, but added his own Treasury Secretary, Scott Bessent, to the firing list if the Fed does not move faster to lower borrowing costs. It was unclear how serious Trump ...