Trump threatens to fire Powell

In a wide-ranging interview, President Trump stated he would seek to remove Jerome Powell from his seat on the Federal Reserve's Board of Governors if he attempts to stay on as chair pro tempore.

The administration is currently pushing for the confirmation of Kevin Warsh as Powell's successor, but the process has been delayed by ongoing investigations.

Critics argue that the president's attempts to control monetary policy could harm the economy and make it more difficult to battle inflation.

Powell has indicated he intends to serve out his legal term despite the political pressure.