Trump threatens to fire Powell

In a series of aggressive statements, President Trump asserted his authority to oust Jerome Powell from the Federal Reserve's Board of Governors.

The president also expressed support for a criminal investigation into Powell regarding the multi-billion dollar renovation of the Fed's headquarters.

Legal experts warn that firing a sitting Fed chair would trigger a constitutional crisis and could undermine efforts to battle inflation.

The standoff comes as the Senate prepares for the confirmation hearing of Kevin Warsh, Trump's nominee to succeed Powell.