Once again Trump threatens to fire Fed Chair Jerome Powell

Economy Once again Trump threatens to fire Fed Chair Jerome Powell April 15, 202611:39 AM ET Scott Horsley President Trump accompanied Federal Reserve chairman Jerome Powell on a tour of the Fed's headquarters renovation last summer. The Justice Department is investigating cost overruns on the project. Chip Somodevilla/Getty Images North America hide caption toggle caption Chip Somodevilla/Getty Images North America President Trump once again threatened to fire Federal Reserve Chairman Jerome Powell, whose term is set to expire in a month. Trump also vowed to continue a criminal investigation of the central bank, which could complicate the path of installing Trump's nominee to replace Powell. Economy What to know about Trump's ugly feud with the Federal Reserve The president's threat came in an interview with Fox Business which aired on Wednesday. "He's doing a bad job," Trump said of Powell. "He should be lowering interest rates." Trump has repeatedly threatened to remove the Fed chairman, although it's not clear he has the authority to do so, absent a showing of serious wrongdoing. The Supreme Court is currently weighing a related case after Trump tried to fire a member of the Fed's governing board, Lisa Cook. The high court has allowed Cook to remain on the job while that case is pending. Sponsor Message Powell's term as Fed chairman is set to expire in mid-May, but he's promised to stay on the job until a successor is confirmed. "That is what the law calls for," Powell told reporters last month. "And that's what we're going to do in this situation." Powell could opt to stay on Fed's board Powell also has the option to remain on the Fed's governing board until 2028, and he's said he will not step down until the Justice Department revolves its probe of cost overruns at the Fed's headquarters renovation project. Economy What to know about Kevin Warsh, President Trump's proposed Fed chair Last month, a federal judge ruled those cost overruns are a mere pretext, and...