But all efforts stopped in their tracks earlier this week after Trump told his senior staff he wouldn’t try to remove Powell following advice from Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, according to the Journal. Bessent and Lutnick reportedly warned Trump that removing Powell would trigger a wave of legal issues and market chaos. In fact, the markets took a dive in the wake of Trump’s threats that Powell should be ejected.

Nice to know that Bessent and Lutnick still have the best interests of the billionaire class in view.