In the Trump administration's war with Federal Reserve chair Jerome Powell, there is a new front — ostensibly about beehives and rooftop gardens, but really a fight for control of the U.S. central bank.

President Trump and his allies have accused the Federal Reserve chair, Jerome Powell, of misleading Congress in what some legal scholars worry is a prelude to seeking his removal.

The White House on Thursday launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had "grossly mismanaged" the central bank, chastising him for running a deficit and for extensive cost overruns for building renovations.

Russell Vought called the initial renovation plans for the Federal Reserve’s headquarters ‘ostentatious’ in what appears to be part of a larger campaign to pressure Jerome Powell to depart

The White House has stepped up its attacks on Federal Reserve Chair Jerome Powell, criticizing him over renovations at the central bank's Washington, D.C. headquarters.

A dispute over the Federal Reserve’s renovation of its headquarters could provide the pretext to attempt the removal of Fed chief Jerome Powell over interest-rate disagreements.

Markets either don't believe the White House attempts to force out the Federal Reserve chair will succeed, or they assume it's all bluster. But there's good reason to be wary of the sort of uncertainty that renewed Fed-bashing may be building under the surface.

Australian shares are set to rebound. The S&P 500 edged higher after Trump dampens threat to fire Powell. Labour force data awaited. Follow live.

The Federal Reserve’s political independence — the sense that the world’s most powerful central bank makes decisions based on economic conditions, not short-term political considerations — is a critical national asset. President Donald Trump is eroding it in ways that could be bad for the country and his own agenda.

The White House keeps insisting that inflation is a thing of the past. The latest Consumer Price Index numbers help prove otherwise.