President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank's $2.5 billion renovation project.

Powell, who was nominated by Trump to lead the Fed during his first administration, has been facing pressure from President to vacate his position

Hassett, one of President Donald Trump’s longest-serving advisors, is in the running for the position, with former Fed governor Kevin Warsh, the Bloomberg report said, citing people familiar with the process. The two are reportedly contending in an “Apprentice-like contest” for the role, run by Trump out of the White House.