US Federal Reserve chair Jerome Powell is mulling resignation as pressure mounts for scrutiny into whether he was truthful to Congress about the Fed's 'Palace of Versailles' renovation to its headquarters in Washington,

Polymarket traders have raised the likelihood of Fed Chair Jerome Powell's departure after Rep. Luna's cryptic post and top officials' statements.

Federal Reserve Chair Jerome Powell requested an inspector general review of the central bank's $2.5 billion headquarters renovation after Trump officials criticized cost overruns.

Federal Reserve Chair Jerome Powell on Thursdayresponded to a Trump administration official's demands for information about cost overruns for a renovation project at the central bank's Washington headquarters campus,

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell is gaining some key backing on Capitol Hill from GOP senators who fear the repercussions if President Donald Trump follows through with threats to try and remove the politically independent central banker.

Federal Reserve Chair Jerome Powell defended the costs of renovation at the central bank's Washington campus, citing essential safety upgrades. The project has been criticized by the Trump administration as excessively expensive.

U.S. President Donald Trump stated in a recent interview that he would welcome Federal Reserve Chair Jerome Powells resignation, though he acknowledged removing him could rattle financial markets. The remarks

President Donald Trump says it is "highly unlikely" he will fire Federal Reserve Chairman Jerome Powell "unless he has to leave for fraud."

Treasury Secretary Scott Bessent and National Economics Council Director Kevin Hassett have emerged as possible contenders to replace him.

Carlyle co-founder and the owner of the Baltimore Orioles, David Rubenstein, defended the job under beleaguered Federal Reserve Chairman Jerome Powell.