Kevin Hassett and President Donald Trump have called for former Federal Reserve Chair Jerome Powell to leave the Fed’s Board of Governors following an inspector general report on the central bank’s $2.4 billion headquarters renovation. Powell remains an FOMC voter after Kevin Warsh replaced him as chair in May, so an early departure would allow Trump to nominate a governor, subject to Senate confirmation. The watchdog found management deficiencies but no criminal wrongdoing or administrative misconduct, and the Justice Department said it would not reopen an investigation based on those findings. The dispute comes after the Fed unanimously raised its federal funds target range by 25 basis points to 3.75% to 4% on Sept. 16. Bitcoin recovered above $87,000 after the increase as spot Bitcoin ETF inflows resumed, though high Treasury yields continue to weigh on risk assets. Markets have reduced expectations of an October rate increase after weak September payrolls, while still assigning greater odds to a further move in December.