President Donald Trump says Federal Reserve Chair Jerome Powell is "grossly incompetent" and that he’d "love to fire his ass." Trump says Powell deserves to be sued for his handling of a costly renovation of the central bank’s campus.
Trump also joked that Treasury Secretary Scott Bessent should be fired if he can’t get interest rates lower. “The only thing Scott’s blowing it on is the Fed,” Trump said Wednesday at a US-Saudi investment event in Washington. “Rates are too high, Scott, and if you don’t get it fixed fast, I’m going to fire your ass. Okay?”
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