Fed, Trump
Digest more
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.
Fed Chair Jerome Powell faces growing criticism after the Federal Reserve's HQ renovation costs surged from $1.9B to $2.5B. Trump allies accuse him of mismanagement, sparking speculation about his early resignation,
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.
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.
President Donald Trump on Tuesday said Chairman Jerome Powell to resign immediately, and renewed his calls for the central bank to lower interest rates.