White House Fed Renovations

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Fed, White House and Powell

Fed defends costly renovation project amid White House criticism that it was mismanaged

Investors don’t seem to give much credence to claims that cost overruns will give President Trump justification to oust Fed Chair Powell.

USA TODAY on MSN · 47m

Fed Chair Powell's finally fighting back as the White House looks to fire him "for cause"

The White House uses an overbudget renovation of Fed headquarters to pressure Fed Chair Powell out of his job. Will it work? And does it even matter?

Reuters on MSN · 16h

Hassett says White House probing Fed renovation costs, authority to fire Powell

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 and that the Fed "has a lot to answer for" on renovation cost overruns at its Washington headquarters.

2hon MSN

Trump admin’s attacks on Powell over $2.5 billion Fed renovation hinge on ‘VIP dining rooms’ and procedural grounds with an obscure gov agency

White House officials accuse Federal Reserve chair Jerome Powell of mismanaging its building renovations, which cost $700 million more than expected. Office of Management and Budget Director Russell ...

3hon MSN

Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul

Trump in April threatened to fire Powell, though he later backed off those threats after stock prices fell in response. The ...

4don MSN

White House financial watchdog rips Jerome Powell over $2.5 billion revamp of Fed HQ — warns construction could be halted

The White House financial watchdog ripped Federal Reserve Chair Jerome Powell over a lavish revamp of the central bank’s ...

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