{"id":2464425,"date":"2025-07-20T17:21:02","date_gmt":"2025-07-20T21:21:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-denies-report-that-bessent-advised-him-against-firing-powell-washington-examiner\/"},"modified":"2025-07-20T17:22:31","modified_gmt":"2025-07-20T21:22:31","slug":"trump-denies-report-that-bessent-advised-him-against-firing-powell-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-denies-report-that-bessent-advised-him-against-firing-powell-washington-examiner\/","title":{"rendered":"Trump denies report that Bessent advised him against firing Powell &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-denies-report-that-bessent-advised-him-against-firing-powell-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2464425&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article reports that former president Donald Trump denied a recent Wall Street Journal story claiming that Treasury Secretary Scott Bessent advised him against firing Federal Reserve Chairman Jerome Powell. The report said Bessent warned Trump about the negative economic and market consequences, <a href=\"https:\/\/amzn.to\/3YuVZYV\" >potential interest rate cuts<\/a> by the Fed, and possible <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/poll-donald-trump-job-approval-shifts-to-52-percent\/\" title=\"Poll: Donald ... Job Approval Shifts to 52 Percent\">legal challenges<\/a> if Powell were removed. Trump called the story &#8220;untruthful&#8221; in a Truth Social post,insisting he knows better than anyone what is good for the market and the country. Even tho Trump has expressed frustration with Powell&#8217;s handling of monetary policy, notably the decision to keep <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/central-banks-raise-rates-again-as-fed-drives-global-inflation-fight\/\" title=\"Central banks raise rates again as ... drives global inflation fight\">interest rates steady<\/a>, he has also indicated reluctance to fire him, saying a replacement would be chosen after the upcoming election. Meanwhile, the White House is reviewing alleged cost overruns of $700 million on Federal Reserve building renovations, a matter Trump has cited as possible cause for Powell&#8217;s removal.Powell has defended the renovation expenses and initiated a fresh review by the Fed&#8217;s inspector general.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Trump denies report that Bessent advised him against firing Powell<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2177053\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>President <a href=\"http:\/\/washingtonexaminer.com\/tag\/donald-trump\" target=\"_blank\" rel=\"noopener\" title=\"\">Donald Trump<\/a> pushed back on a report from over the weekend that revealed Treasury Secretary <a href=\"http:\/\/washingtonexaminer.com\/tag\/scott-bessent\" target=\"_blank\" rel=\"noopener\" title=\"\">Scott Bessent<\/a> listed the reasons against firing Federal Reserve Chairman Jerome Powell to the president in a private conversation, deeming it &ldquo;untruthful.&rdquo; <\/p>\n<p>The <em>Wall Street Journal<\/em> <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3476587\/bessent-advised-trump-against-firing-powell-report\/\" target=\"_blank\" rel=\"noopener\" title=\"reported\">reported<\/a> on Saturday that Bessent made clear his concerns about firing the Fed chairman, which Trump has denied he would do despite consistently lobbing attacks at Powell, in private talks with the president last week. Those concerns voiced to Trump were the negative effects the unprecedented removal would have on the economy and markets, the possibility that the Fed moves to cut interest rates later in the year anyway, and the likely legal backlash the move would face.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3476587\/bessent-advised-trump-against-firing-powell-report\/\">Bessent advised Trump against firing Powell: Report<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3476429\/chances-of-a-recession-shrink-significantly-per-polymarket\/\">Chances of a recession shrink significantly, per Polymarket<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3476049\/attempt-trump-fire-jerome-powell-major-legal-challenge\/\">An attempt by Trump to fire Powell would face major legal challenge<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>Trump trashed the report in a Truth Social <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114887244433511273\" target=\"_blank\" rel=\"noopener\" title=\"post\">post<\/a> on Sunday, particularly the suggestion that Bessent had to &ldquo;explain&rdquo; the negative market effects such a removal would cause.<\/p>\n<p>&ldquo;The Wall Street Journal ran a typically untruthful story today by saying that Secretary of the Treasury, Scott Bessent, explained to me that firing Jerome &lsquo;Too Late&rsquo; Powell, the Worst Federal Reserve Chairman in History, would be bad for the Market. Nobody had to explain that to me. I know better than anybody what&rsquo;s good for the Market, and what&rsquo;s good for the U.S.A. If it weren&rsquo;t for me, the Market wouldn&rsquo;t be at Record Highs right now, it probably would have CRASHED! So, get your information CORRECT. People don&rsquo;t explain to me, I explain to them!&rdquo; the president posted.<\/p>\n<p>The pushback from Trump comes as he previously <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3472920\/trump-fire-powell-fed-chairman\/\" target=\"_blank\" rel=\"noopener\" title=\"signaled hesitancy\">signaled hesitancy<\/a> on a move to fire Powell, despite his lingering frustration over the Fed&rsquo;s repeated decisions this year to keep rates steady.<\/p>\n<p>After being asked to address reports that he was seriously weighing the move, Trump said that while Powell is &ldquo;doing a lousy job,&rdquo; he&rsquo;s not &ldquo;talking about&rdquo; a potential ouster of the Fed chairman.<\/p>\n<p>&ldquo;Fortunately, we get to make a change in the next, what, eight months, and we&rsquo;ll pick somebody that&rsquo;s good,&rdquo; Trump added.<\/p>\n<p>As Trump wavers on whether to pursue the removal, the White House is signaling it is looking to investigate alleged mismanagement by Powell on renovations to two Fed buildings in Washington, D.C., which could lead to a &ldquo;cause&rdquo; for removal. That mismanagement included cost overruns of roughly $700 million, according to Office of Management and Budget Director Russ Vought.<\/p>\n<p>Trump has <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3474273\/white-house-moves-bolster-trump-case-jerome-powell-firing\/\" target=\"_blank\" rel=\"noopener\" title=\"suggested\">suggested<\/a> to reporters that the overruns are sufficient grounds for firing Powell as recently as late last week.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3476587\/bessent-advised-trump-against-firing-powell-report\/\" target=\"_blank\" rel=\"noopener\" title=\"BESSENT ADVISED TRUMP AGAINST FIRING POWELL: REPORT\">BESSENT ADVISED TRUMP AGAINST FIRING POWELL: REPORT<\/a><\/strong><\/p>\n<p>&ldquo;I think it sort of is,&rdquo; the president said. &ldquo;When you spend $2.5 billion on, really, a renovation, I think it&rsquo;s really disgraceful.&rdquo;<\/p>\n<p>Powell has <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3475162\/jerome-powell-letter-white-house-vought-federal-reserve-renovations\/\" target=\"_blank\" rel=\"noopener\" title=\"defended \">defended <\/a>the renovation costs, while also ordering a &ldquo;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/powell-sends-letter-to-white-house-defending-2-5-billion-fed-renovations-washington-examiner\/\" title=\"... sends letter to White House defending .5 billion ... renovations - Washington Examiner\">fresh review&#038;rdquo<\/a>; of the project from the central bank&rsquo;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/georgia-state-employee-fakes-pregnancy-for-paid-time-off-again-gets-busted-after-co-worker-sees-womb-fall-off-report\/\" title=\"Georgia State Employee Fakes Pregnancy For Paid Time Off \u2014 Again. Gets Busted After Co-Worker Sees \u2018Womb\u2019 Fall Off: ...\">independent inspector general<\/a>.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2177053\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2177053\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump denies Bessent advised him against firing Powell<\/p>\n","protected":false},"author":3359,"featured_media":2464426,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/07\/trump-denies-bessent-advised-him-against-firing-powell.webp","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[45545,59531,3634],"class_list":["post-2464425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-bessent","tag-firing-powell","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/07\/trump-denies-bessent-advised-him-against-firing-powell.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2464425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3359"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2464425"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2464425\/revisions"}],"predecessor-version":[{"id":2464429,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2464425\/revisions\/2464429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2464426"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2464425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2464425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2464425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}