Trump, Powell and Fed
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Trump, Supreme Court
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Wall Street appears calm after President Donald Trump walked back his earlier threats to fire Federal Reserve Chair Jerome Powell.
U.S. stocks clawed back into positive territory on Wednesday after President Donald Trump swiftly denied reports of a Federal Reserve shakeup, calling it "highly unlikely" he would fire Chair Jerome Powell - just moments after reports suggested otherwise.
Factbox-The Fed Building Renovations at the Center of Trump's Fight With Powell: Five Things to Know
Major construction work continues at the U.S. Federal Reserve building as U.S. President Donald Trump voices complaints about Fed Chair Jerome Powell, in Washington, D.C., U.S., July 14, 2025. REUTERS/Jonathan Ernst/File Photo (Reuters) -The spiraling cost of the Federal Reserve's years-long renovation of two historic buildings in Washington,
Privately, White House officials acknowledge uncertainty about Trump firing Powell solely based on accusations he mismanaged a multi-year renovation project.