Trump threatens Fed Chair Powell

Trump's latest attack on Powell comes as the Department of Justice continues a criminal investigation into the Fed chief over renovations at the central bank's headquarters.

The President has already nominated Kevin Warsh to succeed Powell, but the confirmation process remains stalled in the Senate.

Critics argue that firing a sitting Fed Chair would be unprecedented and could undermine global confidence in the U.S. dollar.

Despite the pressure, Powell has indicated he intends to serve as chair pro tempore if his successor is not confirmed by May 15.