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Fact check: Bessent tried to dissuade Trump from firing Powell: WSJ

Checked on July 20, 2025

1. Summary of the results

The analyses reveal mixed support for the claim that Treasury Secretary Scott Bessent tried to dissuade Trump from firing Federal Reserve Chair Jerome Powell. Only one source directly supports this claim [1], stating that Bessent urged Trump not to fire Powell, citing potential harm to the economy and the Fed's independence.

However, multiple sources confirm the broader context of Trump's dissatisfaction with Powell. Sources document Trump's criticism of Powell over interest rate policies and even a Federal Reserve office renovation project [2] [3]. Importantly, Trump has publicly stated he is "highly unlikely" to fire Powell unless for fraud, after previously floating the idea in private discussions with lawmakers [4].

2. Missing context/alternative viewpoints

The original statement lacks crucial context about Trump's established pattern of criticism toward Powell. The analyses reveal that Trump's dissatisfaction stems from disagreements over interest rate policies and other Fed decisions [2] [3].

A significant omission is that Trump himself has already publicly walked back the firing threat, stating he is "highly unlikely" to fire Powell except in cases of fraud [4]. This suggests that any intervention by Bessent may have been less decisive than the original statement implies.

The statement also fails to mention that Trump had been discussing the concept of firing Powell with lawmakers prior to any reported intervention by Bessent [4], indicating this was an ongoing consideration rather than a sudden decision that required dissuasion.

3. Potential misinformation/bias in the original statement

The statement presents Bessent's role as definitively established fact when only one source supports this specific claim [1], while multiple other sources make no mention of Bessent's involvement [2] [3] [4]. This creates a misleading impression of consensus where none exists in the available evidence.

The framing suggests Bessent was instrumental in preventing Powell's firing, but this ignores that Trump had already indicated he was unlikely to take such action [4]. This could overstate Bessent's influence and underplay Trump's own decision-making process.

The statement's attribution to "WSJ" without additional context may lend unwarranted credibility to what appears to be a claim supported by limited sourcing, potentially misleading readers about the strength of the evidence behind this assertion.

Want to dive deeper?
What was Bessent's role in the Trump administration?
Why did Trump consider firing Powell in 2020?
How did the WSJ obtain information about Bessent's advice to Trump?
What were the consequences of Trump's decision regarding Powell's position?
How did Powell's leadership impact the US economy during the Trump presidency?