Reported about 15 hours ago
Former President Donald Trump and his allies have criticized Federal Reserve Chair Jerome Powell for the rising costs of the Fed's headquarters renovation, using it to question Powell's leadership and push for interest rate cuts. As costs for the project balloon to $2.5 billion, Trump’s administration is exploring ways to possibly remove Powell before his term ends in 2026, while Powell defends the renovation as necessary and claims it aligns with fiscal responsibility.
Source: YAHOO