US Treasury Secretary Bessent reportedly told Trump late Sunday that Federal investigation into Powell "made a mess" and could be bad for financial markets, via Axios
Importance
Level 1
- Bessent didn't question need for a Powell investigation and wasn't defending Fed Chair in his talk with Trump.
- Bessent "thought that when the president named a new Fed chair, that Powell would go. But now that's not going to happen," another source said. "Now [Powell is] dug in. This really made a mess of things."
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