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Story summary
- U.S. President Donald Trump threatened to fire Treasury Secretary Scott Bessent if the Federal Reserve does not lower interest rates at a U.S.–Saudi investment forum.
- He said, "If you don’t get it fixed fast, I’m going to fire your ass."
- The Fed operates independently.
- Recent rate cuts have not fully addressed inflation concerns.
- The remarks raise questions about Fed independence and potential impacts on economic policy.
