Show" host Jordan Klepper breaks down exactly why Trump is so angry at his Federal Reserve Chair Jerome Powell

Jerome Powell has responded to sharp criticism from the Trump administration about renovations to the Fed’s offices, answering questions about changes to the project as well as reaffirming the central bank’s commitment to “transparency for our decisions and to be accountable to the public.”

A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.

Mark Joseph Stern: Under federal law, Trump cannot remove Powell over a policy disagreement. Federal law expressly allows for the removal of the Fed’s board members only for “cause”—something like abuse of office or malfeasance. That means Trump can’t just sack Powell because Trump wants to slash rates and Powell wants to keep them steady.

Warren added the next Fed chair will face a tough task proving they’re committed to central bank autonomy, as concerns grow that Trump may nominate someone more loyal to him than to economic principles.

Orlando Gemes, CIO and co-founder of Fourier Asset Management, favours convertible bonds issued by crypto exchange Coinbase. These bonds, which provide a steady income and can turn into shares at pre-agreed prices, are the fund's main focus.