Jerome Powell, chairman of the U.S. Federal Reserve, reacts to a question during a House Financial Services Committee hearing in Washington, D.C., on Wednesday, July 18, 2018. Andrew Harrer | Bloomberg | Getty Images

Hassett has made multiple public appearances in recent days, attempting to assuage markets amid growing concerns about Trump's reported displeasure with Mnuchin, who has served in the president's Cabinet since February 2017, and Powell, who oversaw a hike in interest rates last week. Before that quarter-point rate rise, Trump had complained in a tweet that it was "incredible" for the Fed to consider "yet another interest rate hike." Presidents traditionally do not comment publicly on actions taken by the Fed, which is considered independent from the White House. Trump tweet Multiple outlets reported Saturday that Trump had vented his frustrations about Powell and had privately expressed a desire to fire him. Mnuchin attempted to brush those reports aside in a pair of tweets Saturday, quoting Trump as saying he "never suggested" firing Powell. On Monday, Trump lashed out at the central bank again in a tweet, saying, "The only problem our economy has is the Fed." Trump tweet 2 The news appeared to accelerate equities' decline Monday, marking the stock market's worst Christmas Eve performance on record. CNN, citing a source close to the White House, reported Wednesday morning that Mnuchin's job could be in "serious jeopardy." Trump, however, said on Christmas Day that he had confidence in Mnuchin, telling reporters that Mnuchin is a "very talented, very smart person."