On August 7th, U.S. Treasury Secretary Bessent came out to speak and revealed some news. He said that although Trump is often quite disruptive, this time he won't fire Federal Reserve Chairman Powell. However, he quickly shifted his tone and said that the director of the Bureau of Labor Statistics should have packed up and left long ago; that was quite direct!

We common folks may not understand the matters between these officials, but with that said, it's clear: Powell's position is temporarily secure, but that director of the Bureau of Labor Statistics isn't so lucky. If you ask me, these officials fighting amongst themselves is pretty much like the petty issues in our company, just a higher level.

Once Bessent made that statement, it’s likely to spark quite a bit of discussion. Everyone knows Trump; he’s unpredictable. He says today that he won’t fire Powell, but who knows if he’ll change his mind tomorrow? However, since the Treasury Secretary has said this, it should calm things down for a while. As for that director of the Bureau of Labor Statistics, it sounds like he must have offended someone; otherwise, why would even the Treasury Secretary say he should go?

If you ask me, these officials spend all day on personnel changes; they’d be better off thinking about how to improve the lives of ordinary people. Just look at the high prices now and stagnant wages; they’re doing just fine, worrying about who’s up and who’s down. But to be fair, we common folks are just here for the spectacle; let these big shots do as they please!