A potential candidate to succeed Federal Reserve Chair Jerome Powell, David Zervos, said that it’s inaccurate to describe the US central bank as independent, and characterized the outgoing Fed chief as aligned with the political left.

The administration accused the official, Lisa Cook, of mortgage fraud and said it would refer the matter for criminal investigation.

Donald Trump is taking aim at a familiar adversary. The president complained about Jerome Powell in a new post on Tuesday night after weeks of back and forth surrounding the Federal Reserve chair. Trump claimed on Truth Social that Powell is “hurting” the housing industry “very badly”.

President Donald Trump said on Tuesday that Federal Reserve Chair Jerome Powell is "hurting" the housing industry "very badly" and repeated his call for a big cut to U.S. interest rates.

President Trump floated the idea of firing Jerome Powell — whom he first appointed Federal Reserve chair — earlier this week, after years of on-and-off criticism over interest rates.

Federal Reserve Chair Jerome Powell will speak Friday during an annual economic policy gathering to give his outlook on the economy. It’s a time of high uncertainty with inflation still