Treasury Secretary Scott Bessent advised President Trump against firing Federal Reserve Chair Jerome Powell, arguing that such a move could harm markets, disrupt the economy and face serious legal and political hurdles, The Wall Street Journal reported Sunday, citing people familiar with the discussions.

Powell has faced a firestorm of Republican criticism over the lavish renovation — as President Trump demands that Powell consider resigning after refusing to lower interest rates.

Amid a fresh set of attacks on Fed Chair Jerome Powell came reports that President Donald Trump might fire the central banker. Increasingly, Trump is frustrated with Powell for not lowering interest rates already. Consumers hoping for lower rates as well may be better off if the Fed sticks to its current plan, experts say.

The chair of the Federal Reserve made clear he would not resign, even under pressure. But pressure from the White House is likely, market watchers say. By Andrew Ross Sorkin Ravi Mattu Bernhard ...

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.