Trump Doubles Down on Powell Firing Threat Amid Fed Renovation
President Trump continues to push for the removal of Federal Reserve Chairman Jerome Powell, this time over the renovation of the central bank's headquarters, raising concerns about political interference in monetary policy.
President Trump has once again threatened to fire Federal Reserve Chairman Jerome Powell, this time over the ongoing renovation of the central bank's headquarters in Washington, D.C. In a series of tweets, the president criticized the project's rising costs and suggested that a criminal investigation may be warranted.
The renovation, which began in 2016 under the Obama administration, is intended to modernize and secure the aging building that has served as the Fed's home since the 1930s. However, the project has faced delays and budget overruns, with the latest estimates putting the total cost at over $1 billion.
{{IMAGE_PLACEHOLDER}}Source: The New York Times
