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President Trump's appointees urged the use of marble in a Federal Reserve renovation to increase transparency, clashing with central bank values. Trump criticizes Fed Chair Powell for cost overruns, possibly signaling mismanagement.
Fed Reserve Chair Jerome Powell responded to the Trump administration's inquiry about its $2.5 billion headquarters renovation, addressing concerns about cost overruns and project details.
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.
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Tuko on MSNDonald Trump targets Fed chair Jerome Powell amid $2.5 billion renovation controversy| DetailsExperts warn Donald Trump must provide valid reasons for removal, as current evidence does not support claims of mismanagement.
Donald Trump has escalated his criticism of Federal Reserve Chair Jerome Powell, accusing him of stalling the housing market with high interest rates. Trump hinted at a possible dismissal over a controversial $2.
The Federal Reserve's independence is being questioned due to allegations of financial mismanagement. President Trump criticizes Fed Chair Jerome Powell over a costly headquarters renovation, sparking debate over the Fed's autonomy.