Reported about 16 hours ago
Two key contenders to succeed Jerome Powell as Fed chair have criticized his leadership, particularly over a $2.5 billion renovation of the Federal Reserve headquarters. They argue that this project exemplifies a loss of direction for the institution and raise concerns about the costs and compliance with federal regulations. The White House is reportedly exploring whether President Trump has the authority to remove Powell before his term ends next May, adding to the pressure as Trump has repeatedly called for lower interest rates.
Source: YAHOO