Prosecutors press Fed access as Trump singles out Powell over chair tenure

Prosecutors sought access to the Federal Reserve building amid a DOJ probe into a $2.5 billion Fed renovation, as President Donald Trump again threatens to fire Fed Chair Jerome Powell once his term as chair ends next month; Powell says he will remain as chair until a successor is confirmed and argues the investigation is a pretext to undermine Fed independence. The situation unfolds against broader debates about the Fed’s autonomy and comes as the Supreme Court weighs a separate case involving another central bank governor, Lisa Cook.