The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans.

Few Americans have confidence in the chairman, Jerome Powell, to do the right thing on the economy, though attitudes are deeply partisan.

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

Amid reports that President Trump may fire the head of the Federal Reserve, Speaker Mike Johnson (R-La.) said Wednesday that it’s unclear if the president has the power to do it.