Powell has faced a firestorm of Republican criticism over the lavish renovation — as President Trump demands that Powell consider resigning after refusing to lower interest rates.

Typically I wear a suit and tie when visiting the Federal Reserve, one of the most powerful financial institutions in the world. The project has become an increasingly unpleasant headache for the embattled chair of the Fed,

Washington — House Speaker Mike Johnson said he understands President Trump's frustration with Federal Reserve Chair Jerome Powell, but reiterated that he's uncertain about "what the legal parameters are" if the president fires him .

President Donald Trump has stepped up his attacks on Federal Reserve Chair Jerome Powell in recent weeks, making the central bank's July policy meeting all the more intriguing. Investors are all-but-c