Fed Chair Powell faces resignation rumors amid White House accusations he misled Congress about the US Fed's $2.5 billion HQ renovation and resisted rate cuts.

Trump's push to oust Jerome Powell over interest rates and Fed renovation costs highlights growing tensions around economic inequality and political control.

U.S. Federal Reserve Chair Jerome Powell has requested a renewed investigation into the ballooning costs of the Federal Reserves building renovations, now estimated at $2.5 billion, according to a report from Politico.