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'Do I think he committed a crime? I do not.' Republican Senator Kevin Cramer responds to President Trump suggesting that Fed Chair Jerome Powell may have received kickbacks from the costly renovations to the Federal Reserve building.

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🚨 WOW. Sec. Scott Bessent just WENT OFF on Fed Chair Jerome Powell for deciding STAY ON the Federal Reserve Board when his Chair term ends, violating norms "He's an 'institutionalist' and cares about 'norms' at the Fed. This is a VIOLATION of ALL Federal Reserve norms!" "I think it is an insult to Kevin Warsh...!" "The last time that a fair Fed chair stayed on the board. It was at the request of the president!" "I can promise you President Trump did NOT request for Jay Powell to stay!" POWELL MUST STEP DOWN.

🚨 WOW. Sec. Scott Bessent just WENT OFF on Fed Chair Jerome Powell for deciding STAY ON the Federal Reserve Board when his Chair term ends, violating norms "He's an 'institutionalist' and cares about 'norms' at the Fed. This is a VIOLATION of ALL Federal Reserve norms!" "I think it is an insult to Kevin Warsh...!" "The last time that a fair Fed chair stayed on the board. It was at the request of the president!" "I can promise you President Trump did NOT request for Jay Powell to stay!" POWELL MUST STEP DOWN.

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President Trump chose Kevin Warsh to become the next chair of the Federal Reserve, selecting the former Fed governor for a crucial role atop the central bank that will be vacant in May. The announcement follows months of strident criticism leveled by Trump against Fed Chair Jerome Powell. ABC News' Jonathan Karl has what may be ahead for Warsh's confirmation.

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🚨 NOW: Sec. Scott Bessent just accused Jerome Powell of trying to be an "over-SHADOW CHAIR" of the Federal Reserve by refusing to step down from the Board when his term expires "It violates ALL norms! [...] The President has NOT requested that Chair Powell stay." "It would be inappropriate to overshadow chair! I hope Chair Powell will move on over the short term." Powell needs to resign fully. He has tainted the Fed!

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