Trump teases he'll fire Bessent if Fed doesn't cut interest rates

[BumRushDaShow]

Source: CNN Politics

Updated Nov 19, 2025, 3:58 PM ET
PUBLISHED Nov 19, 2025, 2:10 PM ET


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.

However, it won’t be easy for Trump to bend the Fed to his will: The Fed makes its decisions on interest rates independently, based solely on economic data, meaning that firing Bessent would simply not lead to lower rates. Several Fed officials have also said in recent public comments that they remain concerned about inflation, leaning against further rate cuts.

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 Bessent has been privately urging him not to fire Powell, whom Trump has repeatedly said he wants out of the job.

Read more: https://www.cnn.com/2025/11/19/politics/bessent-trump-federal-reserve-powell

[PJMcK]

1. This is POTUS

“ Scott. If you don’t get it fixed fast, I’m going to fire your ass…”

Classy. Professional. Presidential.

NOT.

[Gum Logger]

3. Grump is the stereo typical ugly American

[Javaman]

2. he's angry that his water carriers aren't carrying enough water. nt

[Kcphyllis]

4. He has $82 million reasons for lower rates

When bond yields decline—Fed rate cut, the market value increases. Higher rates mean lower market value. It’s always about the Benjamins.

[Kcphyllis]

11. Bond markets

Trump purchased corporate bonds and tax-free municipal bonds. These are marketable securities and trade in an open market.

[ProudMNDemocrat]

5. Cutting interest rates does not save much money.

For investors and those who have high yield interest savings accounts, the drop in rates means LESS interest earned on monies. The tax rates do not drop when used as income.

I have a High Yield Interest Savings account with a Bank that started at 3.90% monthly on a $100K plus starting balance. The latest statement showed a rate of 3.690%. Future decreases will yield less interest.

Credit Card interest rates drop very little when one carries a balance, I do not! Home Mortgage rates drop very little as well.

[BobTheSubgenius]

6. If the economy is doing as well as Drumpf claims, or even close to it, it doesn't need a boost from lowered rates.

[CountAllVotes]

7. Where is the inflation report for the prior month?

Where is it chump?

How much is the inflation rate right now?

Did you forget idiot?

[thought crime]

8. If Bessent had any self respect he would resign, right now.

And let Trump swing slowly in the wind.

[Old Crank]

9. He has already rescued

His billionaire buddies.

[Old Crank]

10. So how is the FED supposed to sort out the data

When Trump is sitting on the inflation data and unemployment numbers.

Both are probably up

[twodogsbarking]

12. If you can't make money on any other financial produdt you have to invest in the stock market and risk it all.

Lemming line up in progress.

[Grins]

13. "...I'm going to fire your ass!" So presidential!

The only president we ever had whose public speech is gutter speech. Who drops “F-bombs” so often and so casually….

And is loved by Evangelicals.