Washington — House Speaker Mike Johnson said he understands President Trump's frustration with Federal Reserve Chair Jerome Powell, but reiterated that he's uncertain about "what the legal parameters are" if the president fires him .

As recently as last week, President Trump was considering firing Powell, but later told reporters it was “highly unlikely” he would do so.

The Federal Reserve’s independence from political interference, viewed as sacrosanct inside the central bank, is under siege.

Federal Reserve Chair Jerome Powell faces a criminal referral from Republican Congresswoman Anna Paulina Luna — the latest escalation in GOP scrutiny of the central bank’s spending and leadership.

A heated on-site clash between President Trump and Fed Chair Powell over renovation costs sparks viral memes and rattles crypto markets, with Bitcoin sliding nearly 4%.

Filed in the U.S. District Court for the District of Columbia, Azoria Capital's lawsuit claims that the bank's closed-door meetings violate the Government in the Sunshine Act of 1976.

WSJ’s Meridith McGraw breaks down the awkward exchange between President Trump and Fed Chair Jerome Powell, following weeks of Trump steadily badgering the Fed leader. Photo: Kent Nishimura/Reuters