Trump’s administration has since launched an investigation into Powell for fraud over expensive renovations to the central bank headquarters in Washington, D.C., an investigation that critics have characterized as a tool to give the president the legal pretext to fire Powell at a time of his choosing.

The US president’s broadsides against the Fed chair have prompted concern about the independence of the US central bank.

J.P. Morgan warned in a note that Trump's pressure on the Federal Reserve and threats to fire Chair Powell could undercut central bank independence and increase inflation risks.

In an interview with ABC News, Kevin Hassett was also pressed about the president's decision to hit imports from Brazil with steep tariffs.

President Donald Trump on Thursday is set to sign more executive orders and visit the Federal Reserve.Trump's trip to the central bank's headquarters comes amid his relentless criticism of Fed Chair Jerome Powell over interest rates and over the massive renovation project at the Fed.

This past April, when President Donald Trump started flirting with the notion of firing Fed Chair Jerome Powell, stocks and the dollar tumbled because investors worried that even talking about such a move crossed a red line.

Comey prosecuted Sean “Diddy” Combs this year and played a role in the investigation and subsequent prosecutions of Jeffrey Epstein and Ghislaine Maxwell.