President Trump and his top aides have criticized Jerome H. Powell, the Fed chair, for his management of both the economy and a $2.5 billion revamp of the central bank’s headquarters.

"With a striking of the pen," the Federal Reserve can save the federal government at least $1T in interest rate payments, President Donald Trump said on Tuesday, repeating one of his beefs with Fed Chair Jerome Powell for holding rates unchanged since the start of the year.

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.