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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

Image via Reuters

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‘Lied Through His Teeth’: Senator Warns RFK Jr. Undermining Vaccine Will ‘Kill’ Kids

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May 16, 2025

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U.S. Senator Chris Murphy (D-CT) is accusing Secretary of Health and Human Services Robert F. Kennedy Jr. of lying during his Senate testimony this week, and warning that the HHS chief’s efforts to destroy faith in the measles vaccine will lead to children dying.

“It’s not a small thing that Trump’s Cabinet thinks Congress and the American people are so dumb that they can tell brazen lies over and over. We can’t normalize this,” Senator Murphy urged.

“The way in which Trump and Trump’s cabinet lie through their teeth, unapologetically and brazenly, to Congress and the American people, is outrageous,” Murphy said in video (below) he posted online Friday. “And I really worry that we risk normalizing it by not calling it out when it happens.”

He called the exchange he had with RFK Jr. “maddening” and “heartbreaking,” and said the HHS Secretary “essentially says that he’s no longer recommending that families get the measles vaccine. That’s going to kill hundreds, if not thousands of kids in this country.”

Murphy then played a clip from Kennedy’s testimony (which NCRM covered earlier this week), and, he said, caught Kennedy in a lie.

RELATED: ‘None of That Is True’: RFK Jr. Fact-Checked Repeatedly in Heated Senate Hearing

“By the way,” Kennedy told Murphy, “I said at the [House] hearing this morning that I was recommending the measles vaccine,” and told him to “look at the transcript.”

“So guess what I did?” Murphy says. “I went and checked the House transcript. It’s hours of testimony. I and my staff watched all of it, and guess what? Nowhere, nowhere in that transcript does he say he recommends the measles vaccine.”

“He lied through his teeth, and he did it because all of these MAGA sycophants have gotten used to lying. Donald Trump does it all the time, so they think they can do it as well. But we can’t normalize this because you can’t run a country if your leaders are lying to you every single day,” the Connecticut Democrat warned.

“RFK Jr. doesn’t support the measles vaccine, and he shouldn’t pretend that he does. He undermines the vaccine on a daily basis and whether we like his conspiracy theory positions or not, he should just be honest with the American people. They should all be honest with the American people, and none of us should normalize or get used to this amount of lying.”

Watch the video below or at this link.

READ MORE: ‘It Meant Assassination’: Trump Blasts ‘Dirty Cop’ Comey for ‘8647’

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‘It Meant Assassination’: Trump Blasts ‘Dirty Cop’ Comey for ‘8647’

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May 16, 2025

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President Donald Trump is attacking the FBI Director he fired, Jim Comey, who is reportedly under investigation  over a photo of sea shells formed into the numbers 8647. Top Trump law enforcement and intelligence officials claim it is a call for the assassination of the 47th President, although “86” is generally understood to mean “reject” or “eject,” and, since the 1930s, in restaurant parlance, has meant a menu item is unavailable.

“He knew exactly what that meant,” President Trump told Fox News’ Bret Baier in an interview that will air Friday evening. “A child knows what that meant.”

“If you’re the FBI Director and you don’t know what that meant, that meant ‘assassination.’ And it says it loud and clear,” Trump alleged.

READ MORE: GOP Plan Redefines Dependent Child as ‘Under 7’—But Adds Loophole for Married Couples

“Now, he wasn’t very competent, but he was competent enough to know what that meant, and he did it for a reason, and he was hit so hard because people like me, and they like what’s happening with our country. Our country’s become respected again,” the President claimed. “And he’s calling for the assassination of the president.”

Baier interjected, saying: “Obviously, he apologized and said he —”

“Well, he apologized because he was hit,” Trump also claimed. “Look, he’s a very bad —”

When asked what he wants to see happen to the former Director of the FBI, Trump said he did not want to weigh in, and would let his Attorney General handle it.

“I don’t want to take a position on it because that’s gonna be up to Pam [Bondi] and all of the great people, but I will say this. I think it’s a terrible thing. And when you add his history to that, if he had a clean history, he doesn’t.”

“He’s a dirty cop. He’s a dirty cop. And if he had a clean history, I could understand if there was a leniency. But I’m going to let them make that decision.”

READ MORE: ‘Mad King’: Trump Teases ‘Fourth’ Term to U.S. Troops Overseas

Trump Director of National Intelligence Tulsi Gabbard told Fox News on Thursday night she thinks Comey should go to prison for posting the “8647” photo.

Asked, “Do you believe Comey should be in jail?” Gabbard replied, “I do.”

“Any other person with the position of influence that he has,” she added, “people who take very seriously what what a guy of his stature, his experience, and what the propaganda media has built him up to be?”

“I’m very concerned for the president’s life. We’ve already seen assassination attempts,” she continued. “I’m very concerned for his life, and James Comey, in my view, should be held accountable and put behind bars for this.”

But others commenting via social media were quick to point to a number of “86” posts apparently made by right wing influencers and even a former member of Congress, as well as T-shirts for sale during the Biden years.

Watch the video below or at this link.

READ MORE: ‘Significant Damage’: Walmart’s ‘Magnitude’ Warning to Consumers Spurs Trump Tariff Critics

 

Image via Reuters

 

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‘Mad King’: Trump Teases ‘Fourth’ Term to U.S. Troops Overseas

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21 hours ago

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May 15, 2025

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During a rally-style appearance before uniformed U.S. troops in Qatar on Thursday, President Donald Trump—serving as their Commander-in-Chief—floated the idea of a “fourth” term and falsely claimed victory in the 2020 election he lost. The appearance drew swift criticism for blurring the line between military service and political theater.

“As you know, we won three elections, okay?” Trump told the largely silent troops (video below). “And some people want us to do a fourth. I don’t know—I’ll have to think about that.”

“You saw the new, the new hat. The hottest hat is, it says, ‘Trump 2028: We’re driving the left crazy.'”

“When you see that. We didn’t need that hat, but, uh, it was it’s been an amazing period of time,” he concluded.

READ MORE: ‘Significant Damage’: Walmart’s ‘Magnitude’ Warning to Consumers Spurs Trump Tariff Critics

Noting that Trump was speaking “at the largest U.S. military installation in the Middle East,” CNN reported that the President “thanked the U.S. troops for political support.”

“There’s – nobody been stronger than the military in terms of backing us, nobody,” Trump said. “So, I just want to thank you all very much. Great honor. Thank you very much.”

CBS News national security coordinating producer Jim LaPorta, who has reported extensively on the military, wrote: “If this was a rally, the president’s remarks would be fine. But in front of service members who are expected to be apolitical, many Defense Department officials would find these remarks inappropriate.”

READ MORE: ‘Deeply Fascist’: Massive Banner of Trump on Government Building Sparks ‘North Korea’ Vibes

The Bulwark’s Sam Stein observed: “Treating the troops like they’re at a campaign rally and sowing doubt about the past and future of American elections — all in one soundbite.”

Democratic pollster and strategist Luke Martin called it “especially jarring to see Trump flirting with blowing a hole in the Constitution in front of an entire crowd of people who literally swore an oath to protect it with their life.”

Independent journalist Mike Rothschild noted: “Making a statement like this in front of active duty troops would have generated months of scandal, hearings, and resignations in years gone by. Now it’s just another Thursday with the Mad King.”

Watch the video below or at this link.

READ MORE: GOP Plan Redefines Dependent Child as ‘Under 7’—But Adds Loophole for Married Couples

 

Image via Reuters

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