Powell, Scott Bessent and Formal Process
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Trump slams Fed's Powell again
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By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector general to review the costs involved in the renovation of its historic headquarters in Washington,
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?
The US central bank is grappling with housing issues on three fronts: inflation, rate policy, and its own headquarters.
President Donald Trump renewed his criticism of Federal Reserve policy under Jerome Powell, calling the chair a "knucklehead" and advocating for interest rates to be at less than 1%.
U.S. Federal Reserve Chair Jerome Powell has asked the Fed board's inspector general to take a fresh look at the project aimed at overhauling Fed buildings, Politico reported on Monday, citing a letter to lawmakers by Powell.
2hon MSN
US Fed chair Jerome Powell continues to face mounting pressure to step down amid scrutiny into whether he was truthful to Congress about the Fed's 'Palace of Versailles' renovation to its headquarters in Washington,
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.
President Trump criticized Jerome Powell as 'very bad for the country,' arguing the Fed should have lower interest rates while questioning the $2.5 billion building project.