Trump denies report he's unhappy with Mnuchin

President TrumpDonald John TrumpCould Donald Trump and Boris Johnson be this generation's Reagan-Thatcher? Merkel backs Democratic congresswomen over Trump How China's currency manipulation cheats America on trade MORE on Friday quickly fired back at a Wall Street Journal report that he had openly expressed dissatisfaction with Treasury Secretary Steven MnuchinSteven Terner MnuchinHow China's currency manipulation cheats America on trade The Hill's Morning Report: Trump walks back from 'send her back' chants Trump faces new hit on deficit MORE, slamming the story as another example of "fake news."

"I am extremely happy and proud of the job being done by [Mnuchin]," Trump tweeted. "The FAKE NEWS likes to write stories to the contrary, quoting phony sources or jealous people, but they aren’t true. They never like to ask me for a quote b/c it would kill their story."

The president's tweet came less than three hours after the Journal published its story, which quoted several unnamed sources who said Trump had derided Mnuchin behind his back. The story also included a statement from Trump's spokeswoman, Lindsay Walters, saying Trump "appreciates" the secretary's work.

According to the report, Trump has openly blamed Mnuchin for the recent volatility in the market, saying, “If he’s so good, why is this happening?” 

Trump also reportedly blames Mnuchin for the appointment of Federal Reserve Chairman Jerome Powell, whom the president has frequently criticized over interest rate hikes.

“President Trump appreciates Secretary Mnuchin’s service as a key member of his cabinet and reports suggesting otherwise are false," the White House said in a statement provided to The Hill.

The Journal report comes amid recent speculation that Trump is looking to shake up his Cabinet. Various media reports have suggested the president is looking to replace chief of staff John KellyJohn Francis KellyMORE, Homeland Security Secretary Kristjen Nielsen and Commerce Secretary Wilbur RossWilbur Louis RossHistory in the House: Congress weathers unprecedented week The Hill's 12:30 Report: 'Send her back' chants stun Washington The Hill's Morning Report - Trump seizes House impeachment vote to rally GOP MORE, among others.

Asked for comment on the report, a Treasury spokesperson pointed The Hill to Trump's tweet.