Calls for Congressional Investigation into Fed Chair Powell's Renovation and Privileges

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Source: Axios
Calls for Congressional Investigation into Fed Chair Powell's Renovation and Privileges
Photo: Axios
TL;DR Summary

A top official from the Federal Housing Finance Agency has called on Congress to investigate and potentially remove Fed Chair Jerome Powell over his testimony regarding renovations to the Fed's headquarters, amid increased pressure from the Trump administration to lower interest rates and replace Powell. The administration's efforts include public campaigns and a letter from President Trump urging rate cuts, reflecting a broader push to influence Fed policy.

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