Reported 1 day ago
President Trump is leveraging the Federal Reserve's $2.5 billion building renovation project as a means to potentially remove Fed Chair Jerome Powell. Despite legal constraints preventing Trump from dismissing Powell simply for policy disagreements, he cites alleged mismanagement of the renovation as grounds for dismissal. This contentious renovation has faced criticism from the Trump administration for escalating costs and perceived extravagance, which Powell disputes. Ousting Powell could jeopardize the Fed's independence and destabilize financial markets.
Source: YAHOO