He Just Shut the Media Down — And It’s Making Wall Street Panic

NOTE: VIDEO AT THE END OF ARTICLE

Trump Fires Back at Media Over Explosive Economic, Legal Allegations

President Trump escalated his ongoing feud with the media on Sunday, publicly blasting The Wall Street Journal over a report suggesting his own Treasury Secretary tried to stop him from firing Federal Reserve Chair Jerome Powell. The clash adds to an already turbulent week, with Trump also battling the Journal in court over claims he sent Jeffrey Epstein a sexually suggestive birthday letter — allegations the former president forcefully denies.

The latest dust-up unfolded over the weekend after The Wall Street Journal published an article alleging that Treasury Secretary Scott Bessent warned Trump against firing Fed Chair Jerome Powell, citing concerns about market instability.

Trump didn’t wait long to respond.

“Nobody had to explain that to me,” Trump wrote on Truth Social. “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!”

The former president went on to call the WSJ report “untruthful” and accused the paper of “fabricating sources to drive fear.”

Legal Firestorm Meets Financial Shock

The timing of the story couldn’t have been more delicate.

Just days ago, Trump filed a multi-billion-dollar defamation lawsuit against The Wall Street Journal for publishing a bombshell piece alleging he once sent a birthday letter to Jeffrey Epstein typed inside the outline of a nude woman. The letter reportedly included the line:

“A pal is a wonderful thing. Happy Birthday — and may every day be another wonderful secret.”

Trump’s lawsuit claims the article caused “overwhelming financial and reputational harm” and accuses the Journal of “concocting the story to malign President Trump’s character and integrity.”

The media outlet has stood by its reporting.

Can Trump Fire the Fed Chair?

Meanwhile, constitutional and financial experts are still weighing in on whether Trump actually has the authority to remove Jerome Powell.

According to the Federal Reserve Act, the Fed chair enjoys a degree of legal protection and can only be removed “for cause” — meaning Trump may lack the power to simply fire him for political or strategic reasons.

Legal scholars say removing Powell without proving misconduct would likely trigger a constitutional crisis and destabilize global markets.

But Trump’s allies argue that Powell’s recent rate hikes and what they call his “tight money” policies are doing more harm than good — and that leadership change may be necessary to restore momentum.

Political Fallout and Press Tension

The feud with The Wall Street Journal is just one piece of a broader media battle that Trump has reignited during his third run for the presidency. But this time, the legal action is more direct.

His Epstein-related lawsuit marks one of the most aggressive moves against a legacy media outlet since his 2016 campaign, and the potential stakes — in both financial and political terms — are massive.

Notably, this isn’t Trump’s first clash with The Wall Street Journal. The paper has often been critical of his economic approach, particularly regarding trade policy, Fed intervention, and Trump’s disdain for institutional independence.

But this latest episode brings together economic authority, reputation warfare, and press accountability — all in one firestorm.

Epstein Conspiracy Reignited

Trump’s lawsuit comes at a time when public interest in the Jeffrey Epstein scandal is surging once again.

Despite the DOJ’s confirmation that Epstein died by suicide in 2019 and that no “client list” exists, polls show widespread skepticism from both conservatives and independents. Many Americans still believe the full story has yet to be told — and some are demanding that Trump, Biden, and former officials release all sealed records.

This lawsuit, while targeting the accuracy of a birthday letter story, touches on a much broader cultural flashpoint: Who knew Epstein? Who protected him? And why are key documents still hidden?

The stakes for Trump couldn’t be higher.

What’s Really at Risk?

With his public feud against the Fed and a legal battle against one of the most influential newspapers in the country, Trump isn’t just making headlines — he’s testing the limits of political and financial convention.

If he fires Powell, it could send shockwaves through global markets.
If he wins the defamation suit, it could transform how media covers presidential candidates.
And if neither breaks his way, it could cost him voter trust at a critical time.

But if Trump is known for one thing, it’s turning chaos into momentum. His critics see recklessness. His supporters see leadership.

As Trump himself wrote: