In a rare visit to the Federal Reserve, President Trump clashed with Fed Chair Jerome Powell over the soaring costs of a renovation project, which Trump claims have reached $3.1 billion, raising questions about fiscal management.
U.S. Treasury Secretary Scott Bessent warns that the Federal Reserve's independence is at risk due to 'mandate creep' and calls for a review of its recent renovation project amid budget concerns.
Jerome Powell finds himself under intense scrutiny from the White House over a controversial $2.5 billion renovation project for the Federal Reserve's headquarters, with calls for his potential ousting amid rising costs and Trump's frustrations with interest rates.
As the Trump administration intensifies its attacks on the Federal Reserve and Jerome Powell, the Fed pushes back with a new FAQ page defending its $2.5 billion renovation, highlighting modernization and historic preservation.
In a surprising twist, rumors swirl around Fed Chair Jerome Powell's potential resignation as pressure mounts following accusations of misleading Congress about a costly renovation project. With Trump's administration stepping up the heat, what does this mean for the economy?
