Secretary of the Treasury Scott Bessent speaks to reporters at the White House, on November 5, 2025. Allison Robbert/AP/File

President Donald Trump on Wednesday suggested he would fire Treasury Secretary Scott Bessent if the Federal Reserve doesn’t decrease interest rates.

“The only thing Scott is blowing it on is the Fed because the Fed, the rates are too high, Scott. If you don’t get it fixed fast, I’m going to fire your ass,” the president said, smirking, during a speech at a US-Saudi investment forum at the Kennedy Center in Washington, DC.

The president has been a frequent critic of the central bank and its chair, Jerome Powell , throughout his second term as the Federal Reserve declined to cut interest rates this year until September. But he acknowledged on Wednesday that Be

See Full Page