WASHINGTON, July 13 (Reuters) - U.S. President Donald Trump has the authority to fire Federal Reserve Chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said on Sunday, adding that the Fed "has a lot to answer for" on renovation cost overruns at its Washington headquarters.

The investigation into cost overruns on a renovation of Fed headquarters is drawing concern that it's a pretext to eventually fire the central bank chief.

STORY: Donald Trump has Federal Reserve Chair Jerome Powell in his sights again."I think he’s doing a terrible job.”But the White House isn’t merely criticising Powell now - it appears to be actively seeking grounds to oust him.