Trump expressing unhappiness with Mnuchin: report

President TrumpDonald John TrumpTrump rails against impeachment in speech to Texas farmers Trump administration planning to crack down on 'birth tourism': report George Conway on Trump adding Dershowitz, Starr to legal team: 'Hard to see how either could help' MORE has been expressing dissatisfaction with Treasury Secretary Steven MnuchinSteven Terner MnuchinSecurity for Trump's Mar-a-Lago visits cost local taxpayers million On The Money — Presented by Wells Fargo — Senate approves Trump trade deal with Canada, Mexico | Senate Dems launch probe into Trump tax law regulations | Trump announces Fed nominees Senate Democrats launch investigation into Trump tax law regulations MORE, the Wall Street Journal reported Friday.

Trump reportedly blames Mnuchin for backing Federal Reserve chairman Jerome Powell and for recent volatility in the stock market.

The president has publicly sounded off on Powell's decision to raise federal interest rates, claiming that it's endangering the country's economic growth.

Trump called the Fed his "biggest threat" during an October interview and suggested that he may have made a mistake appointing Powell.

Mnuchin praised Powell in August as a "phenomenal leader," shortly after Trump called him out.


According to the report, Trump is also pinning the turbulent stock market on Mnuchin. The president said, "If he’s so good, why is this happening?” someone familiar with the matter told the Journal.

Trump has also reportedly contemplated to advisers about whether he should have tapped JPMorgan Chase & Co. Chief Executive Jamie Dimon in 2016 instead of Mnuchin.

White House spokesperson Lindsay Walters countered the report, telling The Hill that Trump continues to value Mnuchin’s contributions to the administration.
“President Trump appreciates Secretary Mnuchin’s service as a key member of his cabinet and reports suggesting otherwise are false,” she said. “From President Trump’s massively successful economic policies to his maximum pressure sanctions for national security, Secretary Mnuchin has been effective in carrying out the President’s agenda.”

Trump took to Twitter Friday evening to publicly deny the report, saying that he is "extremely happy and proud of the job being done by" Mnuchin.

This story was updated at 7:10pm.