President Trump on Wednesday told reporters that Jerome Powell’s handling of a $2.5 billion renovation of the Federal Reserve headquarters 'sort of is' a fireable offense, raising new questions about whether he may seek to oust the central bank boss.

It was a nod to the latest front that Trump has opened against Powell: Intensifying scrutiny of the Fed’s renovation of its two main buildings in Washington. The president and his allies say the project is unnecessarily lavish and way over-budget, and they’ve hinted at financial wrongdoing, too.

WASHINGTON] US Treasury Secretary Scott Bessent suggested that Federal Reserve chair Jerome Powell should step down from the central bank’s board when his term as chair is up in May 2026. Read more at The Business Times.

Treasury Secretary Scott Bessent, in an interview on Bloomberg Television, said he hasn't looked at the CPI number that's about to be released -- he is entitled to early access --but said not to read too much into one month's number.

The president floated the idea of firing the Fed chief to lawmakers, then said such a move was "very unlikely."

President Trump has become more hostile to the Federal Reserve’s chair. Markets aren’t worried yet, but some on Wall Street are getting more concerned.