President Donald Trump lashed out at Fed Chair Jerome Powell on Truth Social Wednesday moments after Treasury Secretary Scott Bessent appeared on MSNBC to claim Powell's job is safe. Morning Joe host Jonathan Lemire asked Bessent,

U.S. Federal Reserve Chair Jerome Powell is a "numbskull" who has kept interest rates too high, but he will be out in eight months, President Donald Trump said at a news conference on Tuesday.

Treasury Secretary Scott Bessent told the president that ousting Jerome Powell entailed risks, including possible effects on the economy and potential legal and political obstacles.

Slashing government interest rates could have the paradoxical effect of raising the interest rates paid in the real world.

U.S. Treasury Secretary Scott Bessent said on Wednesday that the Trump administration was not in a rush to nominate a new Federal Reserve Chair to replace Jerome Powell. "We are getting the process underway.

Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, saying he sees no reason for the Federal Reserve chair to step down.

The US president escalated attacks on the Fed, blaming high interest rates for housing woes and launching scrutiny into central bank spending and alleged overreach.

Trump ally Rep. Anna Paulina Luna claims Federal Reserve Chairman Jerome Powell committed perjury during Senate testimony and in communications with the Office of Management and Budget.

U.S. Federal Reserve Chair Jerome Powell is a "numbskull" who has kept interest rates too high, but he will be out in eight months, President Donald Trump said at a news conference on Tuesday. "I think he's done a bad job,