Economists interviewed by Newsweek warned that removing Powell now would roil markets, erode trust in U.S. institutions and ultimately hurt ordinary Americans.

The White House is looking for any possible way to discredit Jerome Powell right now," said Stephen Moore, an informal Trump economic adviser.

There could be a revolt in global markets, including a possible collapse in the dollar and US bonds, if President Donald Trump were to take the unprecedented step of removing Federal Reserve Chair Jerome Powell from the helm of the central bank,

A Fed policy rate that low is not typically a sign that the U.S. is the "hottest" country in the world for investment, as Trump has said.

President Trump is commenting on Federal Reserve Chair Jerome Powell as reports emerge that he is considering firing him. Mr. Trump has been calling for Powell to cut interest rates as the U.S. navigates inflation.

Republican lawmakers are split over if President Trump should fire Federal Reserve Chair Jerome Powell, with some pushing him to nix the central bank head and others encouraging him to be patient.

President Trump said it was "highly unlikely" he would fire Jerome Powell, but also said he discussed the idea with Republican lawmakers who expressed support.

President Trump sent the U.S. stock market on a jagged round trip after saying he had 'talked about the concept of firing' the head of the Federal Reserve.

U.S. President Donald Trump says the Federal Reserve should set its benchmark interest rate at 1% to lower government borrowing costs, allowing the administration to finance the high and rising deficits expected from his spending and tax-cut bill,