Federal Reserve Chair Jerome Powell intends to ignore Donald Trump’s constant calls for him to resign, believing that doing so would damage the independence of the U.S. central bank, according to a new report.

President Donald Trump used a rare visit to the Federal Reserve on Thursday to renew his pressure on Fed Chair Jerome Powell, telling reporters that costs to renovate the Fed’s buildings were exorbitant. Powell shook his head at times during the president’s remarks.

President Trump denied he plans to fire Federal Reserve chairman Jerome Powell after telling Republican lawmakers he would likely make the move.

Trump wants to replace Jerome Powell with a Fed chair who will do what he wants. But that still may not produce the steep cuts Wall Street is counting on.

The Federal Reserve is meant to operate independently from politics in order to stay true to its congressionally mandated mission to maintain price stability and maximum employment. But President

President Trump's trip to the Federal Reserve marks just the fourth time a president has visited the Fed, which operates as an independent agency.