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.

As recently as last week, President Trump was considering firing Powell, but later told reporters it was “highly unlikely” he would do so.

As the president toured the central bank’s Washington headquarters, he slapped its chief, Jay Powell, on the back and said: “I would love it if he lowered interest rates.” Powell’s awkward laugh in the moments that followed underscores how Trump is publicly challenging the Fed in a way never seen in the history of the central bank.

Tricia McLaughlin, the assistant secretary for the Department of Homeland Security, confirmed a report by the Washington Post that ICE ordered staff to place ankle monitors on all people enrolled in the agency's Alternatives to Detention program "whenever possible."

Republicans believe Powell's testimony to Congress about an ongoing $2.5 billion DC office renovation may be a way to force him to step aside.

As president, Donald Trump doesn't get a lot of pushback, but he got some Thursday from Federal Reserve Chairman Jerome Powell about the renovation costs of the Fed's headquarters

President Trump personally inspected renovations of the Federal Reserve's headquarters, part of a pressure campaign on its chair Jerome Powell.