Treasury Secretary Scott Bessent in recent days privately laid out his case to President Trump for why he believed Trump shouldn’t try to oust Federal Reserve Chair Jerome Powell, people familiar with the matter said.

President Trump has seized on the Federal Reserve’s multibillion-dollar makeover as a possible avenue for finally ousting its politically independent chair, Jerome Powell. Trump has for months criticized Powell over the Fed’s refusal to cut interest rates,

President Donald Trump's appointees to a Washington project review board pushed the Federal Reserve five years ago to use more marble for a renovation project at its headquarters campus that the White House is now using as the basis for attacks on central bank Chair Jerome Powell,