Trump lambasted the Fed for its $2.5 billion renovation of its headquarters and another building ahead of a tour of the site.

President Donald Trump's contemplation of firing Federal Reserve Chair Jerome Powell over interest rate disagreements threatens to challenge the legal boundaries of historical Fed independence. The Federal Reserve Act's unclear definition of 'cause' for removal of board members could lead to unprecedented legal confrontations and implications for the central bank's autonomy.

The president turned a rare visit to the U.S. central bank into political theater that included hard hats and a back slap.