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Federal Reserve Chair Powell Faces White House Backlash Over Costly Renovation

Federal Reserve Chair Powell Faces White House Backlash Over Costly Renovation

BUSINESS - 7/18/2025

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.

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