The Trump administration has seized on the Federal Reserve’s renovation of its building in what legal experts say could be pretext to fire Jerome H. Powell, the central bank chair.

Trump urges major Fed rate cuts, questions Powell’s motives, and backs probe into central bank spending and effectiveness.

WASHINGTON — President Donald Trump answered reporters’ questions during his meeting with Philippine President Ferdinand Marcos Jr. on Tuesday at the White House. Trump said Federal Reserve Chair Jerome Powell has “done a bad job” and criticized him for not making a rate cut since December.

President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over interest rates.

Fox News correspondent Mark Meredith reports on the Trump administration's accomplishments over the course of the first 6 months in office, Jerome Powell's position in the Federal Reserve and more on 'Special Report.

Fed Chair Jerome Powell is under fire from the White House, which accuses him of bungling a renovation of the Fed's HQ and has suggested it could be cause to fire him.

We have taken great care to ensure the project is carefully overseen since it was first approved by the Board in 2017,” the Federal Reserve chairman added.

Rep. Jim Himes (D-Conn.) said Sunday that a White House insider is warning President Trump of a “massive market reaction” if he fires Federal Reserve Chair Jerome Powell. “I mean, what

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President Donald Trump’s budget chief on Thursday said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed” and suggested he had misled Congress about a pricey and “ostentatiou

Federal Reserve Chair Jerome Powell in a Thursday letter countered criticisms leveled at the central bank by a top White House official over a $2.5 billion renovation project.