California Governor Gavin Newsom has offered up a biting “translation” of President Donald Trump’s off-the-rails rant about the economy.
Speaking for more than an hour at a U.S.-Saudi investment forum at the Kennedy Center on Wednesday, Trump threatened to fire Treasury Secretary Scott Bessent if the Federal Reserve doesn’t cut interest rates.
“The only thing Scott is blowing it on is the Fed. The rates are too high, Scott. And if you don’t get it fixed fast, I’m going to fire your a--,” he said, pointing to the Treasury secretary.
Trump, 79, suggested that Bessent, 63, a former hedge fund manager, had been “the voice of reason” dissuading him from firing Fed Chair Jerome Powell, whom he’s hammered for months.
It didn’t take long for Newsom, 58, to seize on the president’s bonkers r

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