Fed, Trump and Jerome Powell
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Trump, grand jury and Jeffrey Epstein
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Federal Reserve Chair Jerome Powell on Thursdayresponded to a Trump administration official's demands for information about cost overruns for a renovation project at the central bank's Washington headquarters campus,
Fed Chairman Jerome Powell defends the central bank's $2.5 billion renovation project against Trump administration criticism
If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.
A new "Frequently Asked Questions" page on the Federal Reserve's website defends the central bank's recent renovation project — and responds to many Trump administration criticisms of it. Office of Management and Budget Director Russell Vought slammed the renovation project and said he would pursue an investigation.
The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.
Key Takeaways JPMorgan Chase CEO Jamie Dimon said Tuesday that the independence of the Federal Reserve remains critically important.The comments come after President Donald Trump has spent months pressuring Fed Chair Jerome Powell to lower interest rates.