Trump's Pressure on Powell Sparks Market Concerns and Fed Scrutiny

President Trump is attempting to oust Federal Reserve Chair Jerome Powell over a costly renovation project, which he claims is mismanaged, but doing so risks market panic and undermining the Fed's independence. The project, aimed at modernizing the aging Fed headquarters, has faced criticism over its expenses and changes to plans, with Trump considering a controversial workaround to dismiss Powell for cause. The situation highlights tensions between political influence and the Fed's role in maintaining economic stability.