In an interview with Fox Business, US President Donald Trump stated that he would be fired if Federal Reserve Chairman Jerome Powell did not resign in time, adding that he would not abandon the Justice Department's investigation into Powell. Trump said, "If he doesn't leave on time, I have to fire him. I've been holding back. I want to fire him, but I hate controversy." "I hope there's no controversy. But he will be fired." Powell's term as Fed chairman expires in May, but his term as a governor runs until 2028. Powell indicated that he would serve as interim chairman if a successor is not confirmed by May. Trump's allies had hoped Powell would also resign from his governorship by then, but Powell stated that he had no intention of resigning until the Justice Department's investigation into a renovation project was "truly and thoroughly over." Trump, however, hinted that there were no plans to end the investigation, saying, "It has to be cleared up." (Jinshi)