Federal Reserve Chair Jerome Powell responded by letter Thursday to a senior Trump administration official who accused the head of the central bank of mismanaging an “ostentatious overhaul” of its Washington,

While Trump may be denying reports he will fire Powell, reports tell a different story. Here's what Tennesseans need to know about Powell and the Fed.

(Reuters) -The spiraling cost of the Federal Reserve's years-long renovation of two historic buildings in Washington, D.C., has become the latest flashpoint in the Trump administration's escalating pressure campaign on Fed Chair Jerome Powell, whom Trump wants out of the central bank because he hasn't delivered the interest-rate cuts he wants.