President Trump and his allies have accused the Federal Reserve chair, Jerome Powell, of misleading Congress in what some legal scholars worry is a prelude to seeking his removal.

President Trump on Friday morning threw barbs at Trump-appointed Federal Reserve Chairman Jerome Powell, against whom he’s railed over and over again in recent months due to the Fed’s refusal to cut interest rates.

In a renewed political maneuver, President Donald Trump targets Federal Reserve Chairman Jerome Powell over a costly renovation project. The $2.5 billion expenditure on the Fed's headquarters has become a focal point in Trump's demand for Powell's resignation and a push for lower interest rates,

Powell has said politics don't play a part in Fed rate decisions. He and his colleagues have held the key overnight borrowing rate in place since December, though markets largely expect a cut is on the way not at the Fed's July meeting, but in September.

President Trump again said Powell should resign immediately, repeating a call he made last week, and noted that 'it’s OK with me' if Congress investigates the Federal Reserve chairman.

Trump is tearing into Jerome Powell once again, this time for what he says is complete disrespect for America’s financial strength.

Federal Reserve Chair Jerome Powell is facing mounting accusations from lawmakers and former officials who say he misled Congress about the scope and cost of a $2.5 billion renovation to the Fed's Washington headquarters.

FHFA Director William Pulte demanded that Powell be probed by lawmakers and suggested he could even be fired by President Trump.