BlockBeats reported that on July 21, (The Wall Street Journal) previously reported that U.S. Treasury Secretary Bessent recently explained privately to Trump the reasons he believes Powell should not be removed. On Sunday, Trump responded on his Truth Social platform, stating that he does not need Bessent to explain to him that firing Powell would be detrimental to the market.
Trump wrote, "(The Wall Street Journal) published a typical false report today, stating that Bessent explained to me that firing the worst Federal Reserve Chairman in history, 'Mr. Too Late' Powell, would be detrimental to the market. I don't need anyone to explain this to me. I know better than anyone what is good for the market and what is good for America."
If it weren't for me, the stock market wouldn't be hitting historical highs right now; it might have already collapsed! So, make sure to get the real information. I don't need others to explain things to me; instead, I explain to them!" (Jin Shi)