News

Jerome Powell defends $2.5B Federal Reserve renovation: ‘Good stewards of public resources’
Powell has faced a firestorm of Republican criticism over the lavish renovation — as President Trump demands that Powell ...
Bessent backs Fed independence on rates amid Trump criticism
Treasury Secretary Scott Bessent defended the monetary independence of the Federal Reserve o after getting caught in the ...
Fed's Powell asks watchdog to take fresh look at renovation project, Politico reports
U.S. Federal Reserve Chair Jerome Powell has asked the Fed board's inspector general to take a fresh look at the project ...
Trump demands 'terrible' Fed chair Powell resign immediately, calls for rate cuts
President Donald Trump on Tuesday said Chairman Jerome Powell to resign immediately, and renewed his calls for the central ...
Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations
Powell has said politics don't play a part in Fed rate decisions. He and his colleagues have held the key overnight borrowing ...