Trump's push to oust Jerome Powell over interest rates and Fed renovation costs highlights growing tensions around economic inequality and political control.

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell is gaining some key backing on Capitol Hill from GOP senators who fear the repercussions if President Donald Trump follows through with threats to try and remove the politically independent central banker.

Fed Chair Jerome Powell faces growing criticism after the Federal Reserve's HQ renovation costs surged from $1.9B to $2.5B. Trump allies accuse him of mismanagement, sparking speculation about his early resignation,