If President Donald Trump takes the unprecedented step of trying to fire Fed Chairman Jerome Powell, the effort would roil markets and likely be met with pushback in the courts. Trump and the Trump administration have increasingly turned their fire on Powell and his leadership of the central bank.

High-profile criticism of some $700 million in cost overruns is said to be an effort to pressure Jerome Powell to quit.

If President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would almost certainly set off a courtroom battle that legal and policy experts say is bound to get messy, with uncertain impacts on the central bank, financial markets and the economy.

President Donald Trump said Tuesday he had “no intention of firing” Federal Reserve Chair Jerome Powell.

President Donald Trump on Wednesday tamped down speculation he was on the verge of trying to fire Federal Reserve Chair Jerome Powell after word leaked he had raised the possibility in a meeting ...

President Trump is threatening to remove Federal Reserve Chair Jerome Powell. Whether such a move is legal could soon be decided by the Supreme Court.

Supreme Court says Fed is unique, easing worries over Trump's ability to fire Powell "The Federal Reserve is a uniquely structured, quasi-private entity," the court's majority wrote.

Powell has said he believes his firing would not be permitted under the law. The Fed system's seven governors, including the system chair, are appointed by the president and confirmed by the Senate.

By Ramishah Maruf, Tori B. Powell and Elisabeth Buchwald, CNN New York (CNN) — President Donald Trump said he had “no intention of firing” Federal Reserve Chair Jerome Powell on Tuesday.

By Ramishah Maruf, Tori B. Powell and Elisabeth Buchwald, CNN New York (CNN) — President Donald Trump said he had “no intention of firing” Federal Reserve Chair Jerome Powell on Tuesday. The ...

President Donald Trump is once again intensifying his calls for interest rate cuts while lobbing insults at the source of his frustration, Fed Chairman Jerome Powell. Natasha Sarin discusses the potential impact of Trump firing Powell and the importance of keeping the Federal Reserve nonpartisan.