President Donald Trump has moved from aggressively pressuring Federal Reserve Chairman Jerome Powell for a rate cut to actively searching for his replacement.Indeed, President Trump has named Treasury Secretary Scott Bessent,

At this moment in time the president is considering a lawsuit against the Fed," White House Press Secretary Karoline Leavitt said Aug. 12.

President Donald Trump said he’s looking at a “major lawsuit” against Federal Reserve Chair Jerome Powell over the agency’s over-budget remodel of its Washington headquarters, which has become a prominent attack line for Trump and his allies against Powell.