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‘Full Time Babysitter’: Treasury Secretary Urges Caution After Trump Fed Chair Threat

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President Donald Trump’s pre-dawn post shook investors’ confidence on Thursday, as he railed against the Chairman of the Federal Reserve, and called for his “termination.” Hours later, the White House insisted the President was not suggesting he would be firing Jerome Powell, whom he installed during his first term, but the Treasury Secretary Scott Bessent reportedly is urging caution.

Pointing to news about the European Central Bank, Trump at 6:12 AM exploded:

“The ECB is expected to cut interest rates for the 7th time, and yet, ‘Too Late’ Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete ‘mess!'” Trump exclaimed.

“Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS,” he insisted, although some consumers may disagree. “Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now.”

“Powell’s termination cannot come fast enough!” Trump concluded.

READ MORE: ‘Stunning Admission’: GOP Senator Says Colleagues ‘Are All Afraid’ of ‘Retaliation’

The White House quickly jumped in.

“A White House official tells me today this post should not be seen as a threat to fire Powell,” reported CNBC’s Megan Cassella. “It’s more of an airing, or re-airing, of grievances and frustrations with the central bank chair. And the President is looking forward to the scheduled end of Powell’s term.”

Reuters reported that Christopher Hodge, Chief US Economist for Natixis, said: “So previously I thought the odds were very much against Trump trying to remove Powell, but my confidence has faded. Trump seems more comfortable than expected with a slowing economy and equity volatility and the tariff policies are much more onerous than anticipated, even if they have been walked back a bit. The bottom line is the parameters of potential policy outcomes has widened and while I still think Powell will be retained until his term ends, I am less certain that I was previously.”

Journalist and author Charles Fishman called Trump’s post, “a frontal attack on Jay Powell, chairman of the Federal Reserve, whose independence is enshrined in law—and who is one of the few forces holding the US economy together in the face of White House tariff chaos.”

“Trump can’t fire Powell. But is shouting like he might try,” Fishman writes.

Trump may try, but some say he may need help from the U.S. Supreme Court.

Meanwhile, barely two weeks ago, reports stated Bessent was thinking of quitting.

“Treasury Secretary Scott Bessent may be planning to cut and run after Donald Trump’s disastrous ‘reciprocal tariff’ announcement earlier this week,” The New Republic reported. “During an appearance on MSNBC’s Morning Joe Friday, contributor Stephanie Ruhle reported that the key Cabinet member is already looking for an escape hatch.”

“My sources say that Scott Bessent is kind of the odd man out here and, in the inner circle that Trump has, he’s not even close to Scott Bessent or listening to him,” Ruhle said, TNR reported. “Some have said to me, he’s looking for an exit door to try to get himself to the Fed, because in the last few days he’s really hurting his own credibility and history in the markets.”

Last week, things apparently got more heated.

READ MORE: ‘Strategically Disastrous’: How JD Vance Is Harming America’s Foreign Relations

“Wall Street prizes stability, which is why Trump’s shambolic tariff rollout has wiped out trillions of dollars of market value,” Vanity Fair reported last week. “Executives say the on-again, off-again tariffs are evidence of a civil war engulfing Trump’s economic policy team. According to sources close to the White House, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick have been at odds over a tariff plan, with Bessent urging discipline and Lutnick encouraging Trump to go big. ‘The real war is between Howard and Scott,’ one of the sources said.”

And now, Bessent reportedly is  urging caution on firing Powell.

According to a Politico report on Thursday, Bessent “has repeatedly cautioned White House officials that any attempt to fire Federal Reserve Chair Jerome Powell would risk destabilizing financial markets, according to two people close to the White House granted anonymity to share details of private discussions.”

Adding some insight, Politico notes that “Bessent’s private message reinforces what President Donald Trump already knows but comes as the president’s anger with the Fed chair is growing because Powell hasn’t shown signs that he will cut interest rates soon. It also comes against the backdrop of widespread market turmoil over the administration’s far-reaching trade war.”

Not only has Powell not cut interest rates — which he historically has been very caution on doing — but CNN Business reported Thursday afternoon that mortgage rates just saw “the largest one-week jump” min over a year, and are have now climbed to the “highest level in two months as Trump’s tariffs continue to rock markets.”

Responding to Politico’s report, hedge fund founder and chief investment officer Spencer Hakimian writes, “Bessent hating his new job of being a full time babysitter. Just cleaning up Trump, Lutnick, Navarro, etc. diaper all day long.”

READ MORE: ‘Willful Disregard’: Judge Finds ‘Probable Cause’ to Hold Trump Admin in Criminal Contempt

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Five of the Wildest Things Trump Said at His Black History Month Celebration

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A jovial President Donald Trump hosted a Black History Month celebration on Wednesday, ad-libbing many remarks that drew online criticism.

‘He’s Not a Racist. He’s My Friend’

“Talk about a piece of work, but he could fight, couldn’t he, huh?” Trump said. “Mike Tyson, boy, I tell you, Mike has been loyal to me. Whenever they come out, they say, ‘Trump’s a racist.’ You know, it’s like a saber. ‘Trump’s a racist.’ Mike Tyson goes, ‘He’s not a racist. He’s my friend.’ He’s been there from the beginning. Good times and bad. But Mike Tyson’s a great guy, and he was so loyal, always been loyal.”

Trump went on to mention his “great friend,” former NFL player Lawrence Taylor, “the greatest defensive player, probably, in the history of football, he’s a great friend of mine.”

Historically Black Colleges and Universities

Trump called Assistant Attorney General Harmeet Dhillon “Harmeet Diller,” then asked her about suing “extremely discriminatory” Harvard University. “You keep suing them, the h — — with them,” he said, to laughter.

“I like the Historically Black Colleges and Universities, which I saved,” he claimed — crediting himself for signing bipartisan legislation that secured funding for them in 2019. “They had no funding,” he said.

“We took care of the Historically Black Colleges and Universities, and it was a great thing to do,” he added.

‘Sometimes, We Have to Force Ourselves Upon Them’

Apparently referring to deploying federal forces into U.S. cities, Trump told the audience, “We’re doing it, in a lot of cities. Sometimes we have to force ourselves upon them because they’re so bad. And I don’t even think they know what’s happening to their cities and their towns.”

Confusion between The Bahamas and Bermuda

Speaking of former football great and failed Republican senatorial candidate Herschel Walker, whom Trump endorsed, the president said, “Herschel Walker — speaking about loyal — how good a football player was Herschel? Herschel Walker, now he’s Ambassador to The Bahamas — I don’t know, Bahamas, Bermuda, is he Bahamas? Whatever. It’s a nice place.”

Nicki Minaj

“Jazz, the blues, from rock and roll to rap, Black artists like Chuck Berry, Muddy Waters — How about Nicki Minaj? Do we love Nicki Minaj? Right? I love Nicki Minaj,” Trump said.

“She was here a couple of weeks ago. So beautiful. Her skin’s so beautiful. I said, ‘Nikki, you’re so pure.’ Her nails, her nails, they’re, like, that long.”

“I said, I said, ‘Nicki, are they real?’ And she said — she didn’t want to get into that.”

“But she was so beautiful and so great, and she. And she gets it, you know, more importantly, frankly, she gets it.”

 

Image via Reuters

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‘You’re Kidding Right?’: WH Press Secretary Stunned Over ‘Falsely Called Racist’ Question

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White House Press Secretary Karoline Leavitt appeared stunned when a reporter asked her for examples of President Donald Trump falsely being called a racist.

The president this week used his statement on the death of Reverend Jesse Jackson to argue that he is not a racist.

“Despite the fact that I am falsely and consistently called a Racist by the Scoundrels and Lunatics on the Radical Left, Democrats ALL, it was always my pleasure to help Jesse along the way,” he wrote.

On Wednesday, a reporter asked, “Where or when does the president believe he’s been falsely called racist?”

Leavitt replied, “You’re kidding, right?”

READ MORE: Trump’s Wild 24 Hour Truth Social Frenzy

“I will pull you plethora of examples,” she said, vowing to get her team “going through the internet of radical Democrats throughout the years … who have accused this president falsely of being a racist, and I’m sure there’s many people in this room and on network television, across the country, who have accused him of the same.”

“In fact, I know that because I’ve seen it with my own eyes,” she said, before noting that Trump is hosting a Black History Month celebration later on Wednesday.

Trump, she said, will “talk about how his policies are advancing opportunity and prosperity for all Americans through record tax cuts, through the Trump accounts that all Americans can access regardless of race.”

“These are a great thing,” she continued, before noting that the president “has also awarded hundreds of millions of dollars in additional funding to strengthen educational outcomes at historically Black colleges and universities, across the country.”

READ MORE: ‘Gaslight America’: Marjorie Taylor Greene Blasts Trump Ahead of His Trip to Georgia

She also said that Trump is “protecting the hard-earned benefits of the 2.4 million Black veterans who honorably served in our nation’s armed forces by reducing the Black backlog of veterans waiting for their VA benefits, and for their home loans through the Department of Veterans Affairs.”

“So, there is a lot this president has done for all Americans, regardless of race, and he has, absolutely, been falsely called and smeared as a racist, and I’m happy to provide you those receipts,” she added.

READ MORE: ‘Republicans Have to Lose’: Far Right Extremist Leader Puts Trump on Notice

 

Image via Reuters 

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‘Gaslight America’: Marjorie Taylor Greene Blasts Trump Ahead of His Trip to Georgia

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Former Republican U.S. Rep. Marjorie Taylor Greene is sharply criticizing President Donald Trump ahead of his Thursday trip to her former district, where he made — and then apparently forgot — an endorsement in the race to fill her old House seat.

“Well, we have a lot of people that want to take Marjorie ‘Traitor’ Greene’s place,” Trump said on Monday, as The Daily Beast reported. “Many, many candidates, and I have to choose one.”

Greene ignored Trump’s gaffe, but hit him, his administration, and her former Republican colleagues head-on in a post on X where she accused them all of trying to gaslight the American people.

“If you had put America FIRST from the start, instead of your rich donor class and foreign policy, you wouldn’t have to strategize on how to gaslight Americans,” wrote Greene, a former top Trump ally.

READ MORE: Trump’s Wild 24 Hour Truth Social Frenzy

“If you had not called the Epstein files a hoax and treated the Epstein survivors (rape and trafficking victims) like they didn’t exist and if you would release all the files and put your rich powerful friends in prison then Americans might actually listen to your ‘messaging,'” she charged.

Mocking them all as on the “struggle bus,” Greene explained the situation her former constituents now face.

“Approximately 75,000 households in my former district had their health insurance double or more on January 1st of this year because the ACA tax credits expired and Republicans have absolutely failed to fix our health insurance system that was destroyed by Obamacare,” she said.

Republicans have blocked Democrats’ efforts — including a federal government shutdown over the expiring Affordable Care Act subsidies — to prevent the health care premiums crisis.

Greene said that hundreds of thousands of people in her former district saw their health insurance premiums double last month.

“Many dropped their policies and no longer have health insurance,” she wrote. “And that’s on top of EVERYONE ELSE who complains DAILY about the absurdly high cost of health insurance!!!”

She said the billionaires running the White House, the Trump administration, and Congress aren’t affected by the high health insurance premiums, noting that all of them have “very nice affordable government health insurance plans.”

READ MORE: ‘Republicans Have to Lose’: Far Right Extremist Leader Puts Trump on Notice

“I’m talking about younger healthier people and families not on meds who can’t afford to pay $1500 to more than $2000 per month just for their monthly health insurance premiums,” she wrote, “not including $7-10,000 for a deductible before their ridiculously expensive health insurance policy kicks in.”

Greene also took a shot at House Speaker Mike Johnson, who, she said, “claimed he had the Republican plan during the 8 week shutdown in the fall, then carried on and has done nothing proving he lied once again.”

She also blasted Trump’s “messaging” efforts.

“Trump RX doesn’t fix this so that’s not your messaging answer,” she wrote. “A Truth Social Post or Trump video isn’t fixing this either.”

“Messaging won’t fix this,” she added.

Greene then moved on to foreign policy, warning Trump not to go to war with Iran. She also urged him to release the Epstein files, and told him to “stop the bullying, harassment, and name calling.”

“It’s immature, childish, and turning so many people away. Real leaders don’t act this way and it’s a horrible example set on the world’s stage. This isn’t the behavior we want to teach our children.”

“Deliver real results for the regular American people because respect is earned not given,” she said.

READ MORE: ‘Insulting’: Fox News Panel Implodes as Host Clashes With Liberal Guest Over Voter ID

 

Image via Shutterstock

 

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