At the U.S.–Saudi Investment Forum, President Donald J. Trump delivered sharp remarks about Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent, saying:

“Rates are falling in spite of the Fed. Scott, you’ve got to deal with this guy — he’s got serious issues. Something is wrong with him. Honestly, I’d love to fire him. He should be fired. He’s completely incompetent, and he ought to be sued for spending four billion dollars on a tiny building. I’m putting up a ballroom that costs a fraction of that and is bigger than the whole thing.

Scott, you need to get this under control. The only thing you’re messing up is the Fed. Rates are too high, Scott — and if you don’t fix it fast, I’m going to fire you.”