Better than anyone · Second term · № 55

Nobody knows more

Knew better than anybody what's good for the market

“Nobody had to explain that to me. I know better than anybody what's good for the Market, and what's good for the U.S.A. If it weren't for me, the Market wouldn't be at Record Highs right now, it probably would have CRASHED!”
Said
, Post on Truth Social
Subject
what's good for the market
Topic
Economy & prices
Era
Second term

What the record showed

The post disputed a Wall Street Journal report that Treasury Secretary Scott Bessent had explained to him that firing Fed Chair Jerome Powell would be bad for the market. He did not fire Powell; four days later he toured the Fed's headquarters with Powell to dispute renovation costs. Powell's successor, Kevin Warsh, was sworn in as Fed chair on May 22, 2026.

Sources

  1. Truth Social Posts of July 20, 2025 The American Presidency Project, Jul 20, 2025
  2. Remarks During a Tour of the Federal Reserve System Headquarters and an Exchange With Reporters The American Presidency Project, Jul 24, 2025
  3. Remarks on the National Economy in Suffern, New York The American Presidency Project, May 22, 2026