Fed, TheFederal Reserve
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The Federal Reserve’s renovation project is bogged down largely by invisible labor, preservation, raw material, and environmental costs, all of which have added to the ire directed towards Fed Chair Jerome Powell.
The treasury secretary’s latest comments contrast with his earlier alleged role as peacemaker. The president, meanwhile, continued to rail against the Fed chief and the outlet that characterized Bessent as a cooler head prevailing.
The Trump administration is toying with removing Jerome H. Powell as chair of the Federal Reserve, accusing him of mismanaging a multibillion-dollar update to its Washington headquarters.
President Donald Trump on Tuesday said Chairman Jerome Powell to resign immediately, and renewed his calls for the central bank to lower interest rates.