Reported about 11 hours ago
President Trump has accused Federal Reserve Chair Jerome Powell of mismanaging a $2.5 billion renovation project of Fed buildings, using it as a possible justification to attempt his removal. This move follows Trump's frustrations over Powell's resistance to his push for interest rate cuts. Critics warn that ousting Powell might undermine the Fed's independence and destabilize financial markets, especially since the renovation's costs have escalated and raised ethical concerns regarding public spending.
Source: YAHOO