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Fed Chair Powell may face dismissal over building renovation

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

Seeking Alpha on MSN · 17h

Fed Chair Powell may face dismissal over building renovation: Trump adviser Hassett

White House economic adviser Kevin Hassett suggested Sunday that Jerome Powell, chairman of the Federal Reserve, could be at risk of removal depending on answers related to the central bank’s $2.5 billion headquarters renovation.

Insider on MSN · 23h

2 former Fed economists say Chair Jerome Powell is facing an epic conundrum

It hasn't been an easy start to 2025 for Jerome Powell. Unfortunately for the Fed chair, the second half of the year is likely to be even tougher.

Trump slams Fed's Powell again, as White House eyes ways to fire him

Australia will not commit troops in advance to any conflict, Defence Industry Minister Pat Conroy said on Sunday (July 13), ...

2don MSN

Trump official criticizes Fed chief Jerome Powell for "ostentatious" office renovations, as Trump takes aim over interest rates

A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as ...

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Video: Trump Is Considering a ‘Shadow Fed.’ Here’s Why That's Risky

President Trump has signaled he is looking to name a replacement for Federal Reserve Chair Jerome Powell far earlier than usual—in a bid to undermine him. Here's how the "shadow chair" gambit could ...

2don MSN

Director of federal agency suggests Fed Chairman Powell is considering resigning

Trump administration official Bill Pulte released a statement suggesting that Fed Chair Jerome Powell is considering resigning amid mounting pressure on his leadership.

1don MSN

Powell's ouster 'one of the largest underpriced event risks over the coming months'

Potential removal of Fed Chair Jerome Powell could disrupt markets, spike inflation expectations, and impact the USD and ...

1don MSN

Federal Reserve quietly responds to Trump administration attacks over renovation

The central bank is quietly pushing back with a new “Frequently Asked Questions” page on its website defending the central ...

Can Jay Powell Make It Through the Weekend?

Is the Fed chairman, Jay Powell, going to make it through the weekend? There is talk that he is being forced to resign.

2don MSN

Fannie, Freddie boss Bill Pulte claims Jerome Powell ‘considering resigning’ as pressure grows over lavish $2.5B HQ

A senior Trump administration official said Friday that Fed Chair Jerome Powell is “considering resigning” as pressure grows ...

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