Federal Reserve, Donald Trump and Jerome Powell
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The administration has repeatedly criticized Jerome H. Powell, the chair of the central bank, for his handling of the economy and the cost of renovations at the institution’s headquarters.
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Trump and Powell disagree over cost of Fed building renovations
Mr Trump said the project cost 3.1 billion dollars, much higher than the Fed’s 2.5 billion dollars figure, while Mr Powell, standing next to him, silently shook his head. “This came from us?” Mr Powell said, then figuring out that Mr Trump was including the renovation of the Martin Building that was finished five years ago.
Former Commerce Secretary Wilbur Ross believes that President Donald Trump attempting to unseat Federal Reserve Chair Jerome Powell would result in a lengthy legal battle and few benefits for the president.
During a tour of the Federal Reserve’s headquarters, President Trump debated with Jerome H. Powell, the Fed chair, over the cost of renovations to the central bank’s headquarters.
Federal Reserve Chair Jerome H. Powell is resisting President Donald Trump’s calls for lower interest rates, saying the Fed should not take debt and deficits into account.
The White House accuses the Fed chair of potentially "violating the law" in his renovation of the central bank's Washington, D.C., headquarters.
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President Donald Trump bashed Federal Reserve System board of governors chair Jerome Powell while calling for rate cuts