President Donald Trump lashed out at Fed Chair Jerome Powell on Truth Social Wednesday moments after Treasury Secretary Scott Bessent appeared on MSNBC to claim Powell's job is safe. Morning Joe host Jonathan Lemire asked Bessent,

A longtime lobbyist said Trump’s ongoing threats on Powell, while backing off of firing him, are a combination of “testing the waters to see how bad the backlash would be, his strong desire to get rates lowered [and] him working the refs — hoping to bully Powell and future chairs.”

President Donald Trump has escalated his pressure campaign against Federal Reserve Chair Jerome Powell, leaving the door open to ousting him for “fraud,” he said last week. That raises questions about what would happen if Trump actually tires to fire the central bank leader.

The White House is exploring every avenue of executive power to get what President Trump wants from the Federal Reserve: lower interest rates.

Treasury Secretary Scott Bessent joins Morning Joe to defend President Trump’s aggressive trade strategy, insisting “who pays the tariffs is a choice” and claiming inflation will remain “very benign.” Bessent says manufacturers and retailers are absorbing costs—and that Trump “won’t fire” Fed Chair Powell,

Bessent denied that Trump will “fire” Federal Reserve chairman Jerome Powell, pushing back on the question from Morning Joe host Jonathan Lemire.

Israeli troops killed 79 Palestinians seeking food, Gaza health officials said. President Donald Trump is losing ground on the economy and immigration.

If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.

Donald Trump’s new HR czar has already started firing potshots at former “first buddy” Elon Musk, questioning the effectiveness of his work at cost-cutting taskforce DOGE.