Treasury Secretary Scott Bessent suggested on Monday that the government could open an investigation into the Federal Reserve, which has drawn President Donald Trump’s wrath for refusing to lower interest rates.

Chief Executive Lourenco Goncalves waded into the debate over the future of Jerome Powell on Monday and said the Federal Reserve chair should be replaced as soon as possible. Goncalves backed President Donald Trump’s complaint that Powell is keeping interest rates high and making home and car purchases too expensive for many people.

"Toward the end of the year, the housing market may become a bigger deal for inflation than tariffs," Comerica Bank chief economist Bill Adams said.

Four potential Powell replacements have been shortlisted by the betting market. Here's who's in the running to be the next Fed Chair.

HUD Secretary Scott Turner criticizes Fed Chair Jerome Powell for spending billions on renovations while Americans struggle with high mortgage rates amid a housing crisis.

Republican Representative Anna Paulina Luna has asked the Department of Justice to consider investigating and prosecuting Federal Reserve Chair Jerome Powell for allegedly lying under oath in testimony before a congressional committee.

President Donald Trump is once again intensifying his calls for interest rate cuts while lobbing insults at the source of his frustration, Fed Chairman Jerome Powell. Natasha Sarin discusses the potential impact of Trump firing Powell and the importance of keeping the Federal Reserve nonpartisan.