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

Trump concedes that home sellers deserve relief and backs a new proposal that could eliminate capital gains taxes.

As the president toured the central bank’s Washington headquarters, he slapped its chief, Jay Powell, on the back and said: “I would love it if he lowered interest rates.” Powell’s awkward laugh in the moments that followed underscores how Trump is publicly challenging the Fed in a way never seen in the history of the central bank.

Tricia McLaughlin, the assistant secretary for the Department of Homeland Security, confirmed a report by the Washington Post that ICE ordered staff to place ankle monitors on all people enrolled in the agency's Alternatives to Detention program "whenever possible."