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.

U.S. President Donald Trump stated in a recent interview that he would welcome Federal Reserve Chair Jerome Powells resignation, though he acknowledged removing him could rattle financial markets. The remarks