Fox News senior White House correspondent Peter Doocy reports on President Donald Trump’s stance on Russia-Ukraine conflict, Federal Reserve Chair Jerome Powell’s overspending and more on ‘Special Report.

Trump administration official Bill Pulte released a statement suggesting that Fed Chair Jerome Powell is considering resigning amid mounting pressure on his leadership.

Powell has said politics don't play a part in Fed rate decisions. He and his colleagues have held the key overnight borrowing rate in place since December, though markets largely expect a cut is on the way not at the Fed's July meeting, but in September.

Also in today’s newsletter, Reeves puts reform of UK cash ISAs on hold and Google is to agree cloud discount with US government

A senior Trump administration official said Friday that Fed Chair Jerome Powell is “considering resigning” as pressure grows for an investigation into whether he lied to Congress about the central bank’s “Palace of Versailles” renovations to its headquarters in Washington, DC.

Russell Vought, OMB director, joins 'Squawk Box' to discuss the director's thoughts on Jerome Powell's management of the Federal Reserve.