President Donald Trump has warned Federal Reserve Chair Jerome Powell that he may face a "major lawsuit" if he continues renovations on federal buildings.
The Federal Reserve, America’s powerful central bank, has long been insulated from direct political interference — at least in theory. But the question of how much a president can influence the Fed’s leadership has bubbled up repeatedly in recent years, particularly during President Donald Trump’s first term when he publicly lambasted Fed Chair Jerome Powell for raising interest rates.
