White House scrutinizes Fed renovation amid Trump’s push to oust Powell
TL;DR Summary
The Federal Reserve has detailed its $2.5 billion headquarters renovation project, which the Trump administration is scrutinizing as a potential reason to dismiss Fed Chair Jerome Powell, amid political pressure and concerns over costs and project changes. The Fed defends the project as necessary for modernization and asserts it is not subject to external planning authority, despite political and legal challenges.
Topics:top-news#business#cost-overruns#federal-reserve#jerome-powell#renovation#trump-administration
- Fed explains its mega-renovation project as Trump pressures Powell Axios
- Trump ‘certainly’ can fire Fed chair Powell ‘if there’s cause’: Hassett CNBC
- White House Seizes on Fed Renovations as Opening to Oust Powell The Wall Street Journal
- Risk of Powell ouster is underpriced, Deutsche Bank strategist says Fortune
- Hassett says White House probing Fed renovation costs, authority to fire Powell Reuters
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