WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday doubled down on his criticism of Federal Reserve Chairman Jerome Powell for not lowering interest rates more quickly, saying: “I’ll be honest, I’d love to fire his ass.”

Trump, speaking at a Saudi Arabia-backed investment forum in Washington, urged his Treasury secretary, Scott Bessent, to accelerate the hunt for a successor for Powell.

“You’ve got to work on him, Scott. The only thing Scott’s blowing it on is the Fed,” Trump said about Bessent, who was in the audience for the event at the Kennedy Center in Washington.

“The rates are too high, Scott, and if you don’t get it fixed fast, I’m going to fire your ass,” Trump said, apparently in jest.

Bessent, which is leading the search for a new Fed chair, on Tuesday told Fox N

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