The Washington Post's editorial board has criticized President Trump's threats to fire Federal Reserve Chair Jerome Powell, calling it a "pointless standoff" that the president will lose. The Justice Department is investigating allegations of financial mismanagement for a $2.5 billion renovation project at the bank's headquarters. The president has criticized Powell for not meeting his demands to lower interest rates due to his war with Iran. Senate Majority Leader John Thune has urged the administration to end its investigation into Powell, stating it would be in the best interest of all parties involved.