If President Donald Trump takes the unprecedented step of trying to fire Fed Chairman Jerome Powell, the effort would roil markets and likely be met with pushback in the courts. Trump and the Trump administration have increasingly turned their fire on Powell and his leadership of the central bank.

Jerome Powell has long been a target of President Donald Trump, who has repeatedly criticized the Fed chair for not cutting interest rates.

President Donald Trump accused the Federal Reserve under Chairman Jerome Powell of "choking out the housing market" in his latest attack on the central bank's decision-making.He made the comments after data from mortgage buyer Freddie Mac painted a painful picture of the housing market,