Fed, Powell and White House
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Federal Reserve Chair Jerome Powell is under fire from the White House, which accuses him of bungling a yearslong renovation of the Fed's headquarters and has suggested that it could be cause to fire him.
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Asianet Newsable on MSNPowell Says Fed HQ Renovation Aligns With Plan After Trump’s White House Alleges ‘Lavishness’Powell said the Federal Reserve Board has taken great care to ensure the project is carefully overseen since it was first approved in 2017.
President Trump indicated to Republican lawmakers that he plans to fire Federal Reserve Chair Jerome Powell, a senior White House official told The Hill. The suggestion came during an Oval Office
When a reporter asked if the expensive renovation was a fireable offense, Trump replied, “I think it sort of is."
Privately, White House officials acknowledge uncertainty about Trump firing Powell solely based on accusations he mismanaged a multi-year renovation project.