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Powell asks watchdog to probe Fed HQ renovations

Jerome Powell ‘considering resigning’ as pressure grows over lavish $2.5B HQ: report

A senior Trump administration official said Friday that Fed Chair Jerome Powell is “considering resigning” as pressure grows for an investigation into whether he lied to Congress about the central bank’s “Palace of Versailles” renovations to its headquarters in Washington, DC.

Politico · 1h

Powell asks watchdog to probe Fed HQ renovations as Trump pressure grows

The move comes amid speculation that Trump, who has clashed with Powell over interest rates, might try to use the project to remove the Fed chief “for cause."

Seattle Times · 40m

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

Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank’s building renovations that White House officials have attacked as “ostentatious.".

White House, Fed and Jerome Powell

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.

Reuters on MSN · 21h

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.

Newsweek on MSN · 3d

White House Suggests Jerome Powell May Have Broken Law Amid Trump Rift

The White House accuses the Fed chair of potentially "violating the law" in his renovation of the central bank's Washington, D.C., headquarters.

Can the Next Fed Chair Truly Be Independent From Trump’s Influence?

The president hasn’t named a successor to Jerome H. Powell, but his insistence on someone who will lower interest rates has ...

Cryptopolitan on MSN22h

Hasset says firing Powell could be justified if there’s cause

His comments follow President Donald Trump’s intensified criticism of Federal Reserve Chairman Jerome Powell, accusing him of ...

1don MSN

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 ...

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 ...

3don MSN

Why Powell is ignoring Trump’s push to quickly slash interest rates

Federal Reserve Chair Jerome H. Powell is resisting President Donald Trump’s calls for lower interest rates, saying the Fed should not take debt and deficits into account.

InsuranceNewsNet3d

Powell focuses on his mandate amid Trump's pressure

President Donald Trump has spent months criticizing Federal Reserve Chair Jerome H. Powell, most recently arguing that the central bank should immediately cut interest rates to make it easier for the ...

Trump Adviser Says This Is How The President Could 'Certainly' Fire Powell

Powell has been repeatedly criticized by the president over the U.S. central bank’s resistance to cut interest rates despite ...

22hon MSN

Economic council head says Trump’s ability to fire Fed’s Powell is ‘being looked into’

National Economic Council Director Kevin Hassett said Sunday that the president’s authority to fire Federal Reserve Chair ...

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