Two top contenders to replace Jerome Powell slammed the Fed chair for a $2.5 billion renovation of the central bank’s headquarters, with one saying the Trump administration is examining whether it can fire the policymaker and the other saying the Fed has 'lost its way.

All things being equal, easier monetary policy tends to be good for risk assets — crypto surely among them. Bitcoin rallied to above $120,000 for the first time ever over the weekend as pressure on hawkish U.S. Federal Reserve Chairman Jerome Powell to step down or be fired amped even higher. Coincidence?

MSNBC's Alex Witt spoke with Lael Brainard, former director of the National Economic Council under President Biden and distinguished fellow at the Georgetown Psaros Center for Financial Markets, about the real reason Brainard thinks Trump wants to fire Federal Reserve Chair Jerome Powell.