US media: US Treasury Secretary told Trump that the investigation into the Federal Reserve Chair harms the market
American news website Axios cited sources saying that US Treasury Secretary Scott Bessent told President Donald Trump that the investigation into current Federal Reserve Chair Jerome Powell "harmed" the US stock market.
Previously, trading data and analysts' comments showed that after Powell claimed that the US Department of Justice threatened to bring criminal charges against him, the major US stock indices fell on Monday.
The website reported: "Treasury Secretary Scott Bessent (local time - note) told President Trump on Sunday evening that the federal government's investigation into the Federal Reserve Chair 'caused damage' and could have a negative impact on financial markets."
According to sources, the office of Washington federal prosecutor Jane Piro initiated the investigation without notifying the Treasury, senior White House officials, or the Department of Justice.
In addition, Bessent's concerns about this investigation are not only related to the financial markets but also to Powell's term as Federal Reserve Chair, which will end in May. Sources said that the Trump administration had previously hoped that Powell would step down earlier after the president appointed his successor.
Sources told the website: "This situation will not happen now. Powell's position is already solid. This has really messed everything up."
Powell previously stated that the Department of Justice threatened to bring criminal charges against him because of his testimony in the Senate regarding the long-term renovation of the Federal Reserve's historic buildings. He attributed these threats to pressure from the current administration.
Original: toutiao.com/article/1854176997021769/
Statement: The article represents the views of the author himself