#TrumpVsPowell The President of the United States, Donald Trump, and his administration are considering removing Jerome Powell, the Chairman of the Federal Reserve (Fed), according to the White House's chief economic advisor who stated this Friday.

"The president and his team will continue to study the matter," expressed National Economic Council Director Kevin Hassett to the press when asked about the possibility of removing the head of the Central Bank, a day after Trump harshly criticized him.

The President of the U.S. does not have direct authority to remove the heads of the Federal Reserve, but Trump could initiate a lengthy process to try to oust him if he demonstrates that there is a "cause" to do so.

Trump frequently criticizes the head of the Federal Reserve, whom he originally appointed during his first term.