Fed, Powell and White House
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Fed Chair Jerome Powell is under fire from the White House, which accuses him of bungling a renovation of the Fed's HQ and has suggested it could be cause to fire him.
President Donald Trump threatened on Wednesday to fire Federal Reserve Chair Jerome Powell, citing cost overruns in Fed building renovations as a potential cause. While Trump has since played down the idea,
Federal Reserve Chair Jerome Powell on Thursday responded to a Trump administration official's demands for information about cost overruns for a renovation project at the central bank's Washington headquarters campus,
The White House is looking for any possible way to discredit Jerome Powell right now," said Stephen Moore, an informal Trump economic adviser.
President Trump indicated to Republican lawmakers that he plans to fire Federal Reserve Chair Jerome Powell, a senior White House official told The Hill. The suggestion came during an Oval Office
When a reporter asked if the expensive renovation was a fireable offense, Trump replied, “I think it sort of is."
White House press secretary Karoline Leavitt held a press briefing earlier in the day, where she revealed Trump underwent medical testing after he had been seen with deep bruises on his hand and swollen legs in recent days,