If the interest rate doesn't drop, he will fry Benet's squid, Trump's joke about the finance minister insinuates Powell.

date
20/11/2025
President Trump implied that if Benson cannot help push interest rates lower, he will fire the Treasury Secretary, despite the fact that interest rate decisions are in the hands of the Federal Reserve, not government officials. "The only thing Scott messes up is the Federal Reserve," Trump said at the U.S.-Saudi Investment Forum in Washington, "The rates are too high, Scott. If you don't fix it soon, I'm going to fire you. How about that?"