Scoop: Bessent told Trump that investigation of Fed chair creates a "mess"

"The secretary isn't happy, and he let the president know,"

"The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president."

"thought that when the president named a new Fed chair, that Powell would go. But now that's not going to happen."

"There is zero daylight between Secretary Bessent and President Trump. The sources in the story do not speak for the secretary."

U.S. Attorney Jeanine Pirro's D.C. office opened an unprecedented probe into allegations that Federal Reserve chair Jerome Powell misrepresented renovation costs at the Fed headquarters. The investigation proceeded without notifying Treasury, top White House officials, or the main Justice Department. Powell released a video denying wrongdoing and accused the administration of weaponizing the Justice Department after he resisted lowering interest rates as the president wished. Sen. Thom Tillis vowed to block action on Powell's replacement. Treasury officials and aides expressed concern that the probe disrupted plans for a smoother Fed leadership transition.

Read at Axios