On July 21, the Wall Street Journal previously reported that Treasury Secretary Becent recently privately explained to Trump the reasons why he believed Powell should not be removed. On Sunday, Trump responded on his Truth Social platform, stating that he does not need Becent 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 Becent explained to me that firing Powell, the worst Federal Reserve chairman in history, 'Mr. Too Late,' would be detrimental to the market. No one needs 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 at an all-time high and might have already collapsed! So, make sure to get the real information. I don't need others to explain things to me; instead, I explain things to them!" (Jinshi)
