Trump on Fed Chair Powell: "I'd love to fire his ass"

What they're saying: 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.

• A Fed spokesman declined to comment.

Treasury Secretary Scott Bessent is leading the search for the next Fed chair. The president, however, appeared critical, if teasing, of Bessent's efforts.

• "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."

Zoom out: Trump has previously said that Bessent would be his choice for the top Fed job but that Bessent prefers to remain at Treasury.

• Bessent has acknowledged that five finalists are in consideration to lead the central bank.
• A decision is expected before the end of the year.

Editor's note: This story has been updated with the Fed's response.