Trump Threatens to Fire US Treasury Secretary Scott Bessenet
US leader Donald Trump threatened on November 19 that if US Treasury Secretary Scott Bessenet could not prompt the Federal Reserve to quickly cut interest rates, he would fire Bessenet.
Trump made the remarks during a speech at the US-Saudi Investment Forum, saying, "The only thing you messed up is the Federal Reserve, because the interest rates are too high, Lisa. If you don't fix this quickly, I will fire you."
Trump also joked that the job of being Federal Reserve Chair is simple, requiring only one short speech each month, with the rest of the time available for playing golf.
Previously, on August 21, Bloomberg reported that the US Department of Justice urged Federal Reserve Governor Lisa Cook to resign. According to the news agency, her resignation would give Trump another vacancy in the Federal Reserve Board, thus he is increasing pressure on the central bank to lower the benchmark interest rate. The report stated that only the president himself can dismiss a Federal Reserve Governor for just cause. Later, it was reported that the US Supreme Court refused to allow Trump to immediately fire Cook.
Original: www.toutiao.com/article/1849264270439432/
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