Trump: I don't need anyone to explain to me the pros and cons of firing Powell. The Wall Street Journal previously reported that U.S. Treasury Secretary Basent recently privately explained to Trump why he believes Powell should not be removed.

On Sunday, Trump responded on his Truth Social platform, stating that he does not need Basent 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, claiming that Basent 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 would not be reaching historic highs right now; it might have already crashed! So make sure to get the real information. I don't need others to explain things to me; instead, I explain to them!