He has faced criticism from the White House and their Republican allies in Congress for his lack of interest in cutting rates, as well as a pricey renovation of the Fed’s headquarters. The central bank’s Federal Open Market Committee is set to meet at the end of this month to consider whether or not to cut rates — something they declined to do at their last meeting,

President Donald Trump wants Federal Reserve Chair Jerome Powell to consider the cost of the government’s ballooning debt service payments when the central bank meets later this month.

The New York Times likewise wrote that “legal experts widely agreed that Mr. Trump could not outright fire Mr. Powell before the end of his term simply because of a disagreement over decisions relate...