President Donald Trump indicated he is likely to fire Federal Reserve Chairman Jerome Powell, a White House official said, a dramatic step that would launch a legal battle over control of the central bank and could roil financial markets.

President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation...

For months, Trump has demanded that the Fed lower interest rates, with no success.