"Trump has previously said he could justify the Fed chair's removal for cause and that Powell should be 'sued for spending $4 billion to build a little building,' in reference to Fed headquarters renovations going over budget."
"The only thing Scott's blowing it on is the Fed, because the Fed, the rates are too high," Trump said."
"Scott, if you don't get it fixed fast, I'm going to fire your ass."
President Trump publicly pressed Treasury Secretary Scott Bessent over the search for the next Federal Reserve chair, criticizing high interest rates and suggesting strong action. Trump previously said he could justify removing the Fed chair for cause and claimed Jerome Powell should be sued over roughly $4 billion in renovation spending for Fed headquarters. A Fed spokesman initially declined to comment and the Fed later provided a response. Bessent is leading the search, has acknowledged five finalists under consideration, and a decision is expected before the end of the year.
Read at Axios
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