U.S. President Donald Trump might seek to fire Federal Reserve Chair Jerome Powell over alleged $700 million cost overruns on Fed's headquarters renovation. Trump's administration demands answers while Powell defends the project's necessity for safety and consolidation.

Fed Chair Jerome Powell faces growing criticism after the Federal Reserve's HQ renovation costs surged from $1.9B to $2.5B. Trump allies accuse him of mismanagement, sparking speculation about his early resignation,

U.S. President Donald Trump may seek to fire Federal Reserve Chair Jerome Powell over ballooning renovation costs at the Feds Washington headquarters, according to White House economic adviser Kevin Hassett.