As part of his campaign to get rid of Jerome Powell, President Donald Trump has blamed the Federal Reserve chair for costing the country “hundreds of billions of dollars” by not slashing interest rates.

For a moment on Wednesday, it looked like President Donald Trump would finally attempt the improbable and fire Federal Reserve Chair Jerome Powell.

Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.

President Donald Trump has publicly chastised Chairman Jerome Powell, who Trump appointed in 2017, over interest rate cuts.

The president prefers low interest rates. But the Federal Reserve Act protects the Fed chair's removal. Long-term rates are set by financial markets and sensitive to inflation expectations.

Star Sports political betting analyst William Kedjanyi told Newsweek: "Donald Trump has been harassing Jerome Powell, chair of the Federal Reserve, for months and months over interest rates. Trump wants Powell pushed out, despite the fact that Trump appointed him, and even if he does manage to survive, Powell's term ends in 10 months.

U.S. President Donald Trump might face an increase of nearly $60 billion (around £44 billion) in interest costs if he opts to oust Federal Reserve chair

First Trust Advisors L.P. chief economist Brian Wesbury discusses the Federal Reserve’s leadership, cutting interest rates and more on ‘Varney & Co.’

If Trump allies really wanted to see homes become more affordable, he would push for less monetary inflation and for lower federal deficits.

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.

A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.