Trump, Powell
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Trump lambasted the Fed for its $2.5 billion renovation of its headquarters and another building ahead of a tour of the site.
Jerome Powell has long been a target of President Donald Trump, who has repeatedly criticized the Fed chair for not cutting interest rates.
US President Donald Trump has shared an awkward exchange with Federal Reserve Chair Jerome Powell by squabbling over the price of renovations to the central bank’s headquarters.
Trump confronted Fed Chair Powell over a $3.1B renovation during a rare visit, stopping short of firing him. As tensions rise and the dollar slides, the political stakes around interest rates and Fed independence continue to mount.
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MiBolsilloColombia on MSNBessent says there's no indication Powell should resign at this timeTreasury Secretary Scott Bessent says there’s no sign Fed Chair Powell will resign, despite Trump pressure—calling for a Fed review to shape Powell’s legacy.