The ongoing tension between President Trump and Federal Reserve Chair Jerome Powell has reached a critical juncture. Trump's relentless criticism of Powell for not cutting interest rates swiftly enough seems to be paving the way for a controversial move: using 'fraud' as a justification for dismissal.

New data from the White House Council of Economic Advisers backs President Donald Trump's calls for the Federal Reserve to cut interest rates.

Key Points Donald Trump is publicly pressuring Fed Chair Jerome Powell to cut interest rates sooner, while exploring controversial arguments—including costly Federal Reserve renovations—as potential grounds for dismissal.

President Trump has denied plans to fire Federal Reserve Chair Jerome Powell despite frequent criticism. The issue has caused market fluctuations and debate within political circles. Republican Senator Thom Tillis has defended the Fed's independence,

Obama and sometimes Clinton aim at Trump. Trump goes after Biden and Obama. It’s a rare battle of the presidents.

A sprawling $2.5 billion project to renovate the central bank’s headquarters in Washington has become the focal point of attacks from the Trump administration.

In a CNBC interview, Treasury Secretary Scott Bessent suggested a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function.

The Federal Reserve was already wrestling with a lot of uncertainty about the future path of monetary policy, and President Trump’s strike on Iran's nuclear sites will likely make that path even more uncertain in the near term.

During a Federal Reserve tour with , President Donald Trump avoided questions about firing the Fed chairman while criticizing "luxurious" headquarters renovations.