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Fed, White House and Jerome Powell

Reuters on MSN · 12h

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.

White House Increases Attacks On Powell Over Fed’s $2.5B Office Renovation

Kevin Hassett, an economic adviser to President Donald Trump, said that the Federal Reserve chairman had "a lot to answer for" about a pricey office renovation.

The New York Times · 2d

Fed Defends Renovations as White House Widens Attacks on Central Bank

President Trump and his allies have accused the Federal Reserve chair, Jerome Powell, of misleading Congress in what some legal scholars worry is a prelude to seeking his removal.

Banking Dive46m

Dive Deposits: Fed pushes back on Vought’s skewering of renovation

In an FAQ document, the central bank appears to emphasize it’s responding to senators’ concerns, not the OMB chief’s, and ...

48mon MSN

Jerome Powell asks Inspector General to review Fed’s $2.5B HQ revamp as Trump escalates attacks: report

A source familiar with the matter told Axios that Powell directed Inspector General Michael Horowitz to examine the project’s costs.

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