Barron’s spoke with Tobin Marcus, head of U.S. policy and politics with Wolfe Research and a former White House advisor during the Obama era, about what could unfold if Trump follows through on such a move. An edited version of our conversation is below.

Federal Reserve Chair Jerome Powell is under fire from the White House, which accuses him of bungling a yearslong renovation of the Fed's headquarters and has suggested that it could be cause to fire him.

Some Republicans, including Crane, are pushing for further investigation and transparency, while others have remained silent. An Arizona Republican is pushing for the release of records related to convicted sex offender Jeffrey Epstein,

President Trump directed Attorney General Pam Bondi to release “pertinent” grand jury testimony in the criminal case of the late financier and convicted sex offender Jeffrey Epstein. Bondi says the Justice Department will seek to unseal the transcripts.

President Trump said Wednesday it's "highly unlikely" that he would fire Jerome Powell, but he continued to air his frustrations with the Federal Reserve chair. CBS News MoneyWatch correspondent Kelly O'Grady has more.