Thew Wall Street Journal (gated) carries the article. In brief:Treasury Secretary Scott Bessent recently made a private appeal to President Trump, urging him not to try to remove Federal Reserve Chair Jerome Powell, according to people familiar with the discussions.Bessent argued that dismissing Powell could create unnecessary turmoil, highlighting potential risks to the economy and financial markets, as well as the legal and political hurdles such a move would face. He also noted that the Fed is already signalling rate cuts later this year, making a confrontation with Powell unwarranted. One source said Bessent pointed out that the economy is performing well and markets are responding positively to Trump’s policies, reinforcing his case against taking drastic action.This makes sesne. US long yields have been surging, which is a major headache for Bessent trying to fund the government (making it more expensive for the UIS government ot borrow). Bessent has been trying everything to bring yields back down. Firing Powell would likely send them even higher, so Bessent has had a word with the big boss to try and talk some sense into him. Visit investingLive.com (formerly ForexLive) for additional perspectives. This article was written by Eamonn Sheridan at investinglive.com.