Federal Reserve Chair Jerome Powell is under fire from the White House, which accuses him of bungling a yearslong renovation of the Fed's headquarters and has suggested that it could be cause to fire him.

Russell T. Vought, the head of the Office of Management and Budget, said he and other administration officials wanted access to the Fed’s building in Washington.

President Donald Trump plans to fire Federal Reserve Chairman Jerome Powell "soon," according to a White House official. Trump told a group of House Republicans about the plan Tuesday night, but pressure has been growing on Powell for months.