White House Intensifies Pressure on Fed Chair Powell Over $2.5 Billion Renovation Costs
White House Intensifies Pressure on Fed Chair Powell Over $2.5 Billion Renovation Costs Federal Reserve Chair Jerome Powell is facing escalating attacks from the White House over alleged mismanagement of a years-long, multi-billion dollar renovation of the Fed’s headquarters. The White House, under President Donald Trump, has openly suggested that the spiraling costs could be grounds for Powell’s dismissal, even as experts question the legality of such a move. The renovation project, initiated in 2017 before Powell’s appointment, has seen…