Washington — House Speaker Mike Johnson said he understands President Trump's frustration with Federal Reserve Chair Jerome Powell, but reiterated that he's uncertain about "what the legal parameters are" if the president fires him .

In June, the ECB lowered its key deposit rate in for an the eighth consecutive quarter-point reduction. President Donald Trump thinks the Fed should follow suit.

Filed in the U.S. District Court for the District of Columbia, Azoria Capital's lawsuit claims that the bank's closed-door meetings violate the Government in the Sunshine Act of 1976.