Trump indicated that Powell’s handling of an extensive renovation project on two Fed buildings could be grounds to fire him.

The White House is looking for any possible way to discredit Jerome Powell right now," said Stephen Moore, an informal Trump economic adviser.

The Federal Reserve has offered key details of its expensive headquarters renovation project, which the Trump administration has invoked as potential grounds to try to fire Fed chair Jerome Powell. Why it matters: The White House appears to be using cost overruns in the $2.