The saga over President Donald Trump's efforts to reshape the Federal Reserve has another twist.

President Donald Trump suggested that Jerome Powell would not enjoy his tenure if he stayed on the Federal Reserve’s Board of Governors after his term as chair expired, in the latest broadside against the central bank chief.

Although Powell's term as chair ends on May 15, he could remain at the Fed to fulfill a separate term on governing board of the central bank.

Powell rebuked the probe as an effort to undermine the Fed's independence.

By Indradip Ghosh BENGALURU, Jan 21 (Reuters) - The U.S. Federal Reserve will hold its key interest rate through this quarter and possibly until Chair Jerome Powell's tenure ends in May, according to a majority of economists polled by Reuters,

The Justice Department’s investigation into Federal Reserve Chair Jerome Powell has brought heightened attention to a key drama that will play out at the central bank in the coming months: Will Powell leave the Fed when his term as chair ends,

President Donald Trump and White House economic adviser Kevin Hassett said they were unaware of the Department of Justice's investigation.

President Trump moved to fire Lisa Cook from the Federal Reserve Board of Governors in August.

The Treasury secretary who previously urged Trump not to fire the Fed chair is now publicly building the case against him.