The Federal Reserve is an independent organization, meant to be insulated from politics, and the Supreme Court suggested this year that President Donald Trump would need a reason, or cause, to fire Federal Reserve Chairman Jerome Powell.

Trump questions Fed Chair Powell’s tenure, hints fraud, yet experts view removal improbable due to legal constraints.

If President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would almost certainly set off a courtroom battle that legal and policy experts say is bound to get messy, with uncertain impacts on the central bank, financial markets and the economy.

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 Powell from the helm of the central bank,

Donald Trump is again considering firing Federal Reserve Chairman Jerome Powell, potentially igniting a complex legal battle. Powell asserts his removal is unlawful and vows to resist. The dispute centers on the "for cause" clause for dismissing Fed board members,

WASHINGTON (AP) — President Donald Trump said Wednesday that he was “highly unlikely” to fire Federal Reserve Chair Jerome Powell, a public statement made less than 24 hours after suggesting in a private meeting that he was leaning in favor of dismissing the head of the nation's central bank.

President Trump denied he plans to fire Federal Reserve chairman Jerome Powell after telling Republican lawmakers he would likely make the move.

White House press secretary Karoline Leavitt didn't answer a question on the firing of Maurene Comey from the U.S. Attorney's Office for the Southern District of New York. Leavitt deferred reporters to the Department of Justice,