If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.

The Fed is self-funding and doesn’t need outside approval for building projects, according to the law that created the central bank.

President Trump said he’s not planning to fire Jerome Powell, and still managed to make it sound like a threat.

President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.

The Trump administration is toying with removing Jerome H. Powell as chair of the Federal Reserve, accusing him of mismanaging a multibillion-dollar update to its Washington headquarters.

The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.

Key Takeaways JPMorgan Chase CEO Jamie Dimon said Tuesday that the independence of the Federal Reserve remains critically important.The comments come after President Donald Trump has spent months pressuring Fed Chair Jerome Powell to lower interest rates.

The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.