Trump Allies Attack Powell Over Fed Renovations
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The Trump administration’s intensifying campaign against Federal Reserve Chair Jerome Powell hit a boiling point Thursday.
Russell Vought, director of the Office of Management and Budget, said Federal Reserve Chair Jerome Powell "has grossly mismanaged the Fed."
A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.
As the minutes of the Federal Reserve’s June meeting were released on Wednesday, the word “uncertainty” reigned supreme amid the ongoing tariff turmoil and President Donald Trump‘s call to cut rates by 3 percentage points.
The White House financial watchdog ripped Federal Reserve Chair Jerome Powell over a lavish revamp of the central bank’s Washington, DC headquarters — and warned construction could be
White House budget chief Russ Vought on Thursday accused Federal Reserve chair Jerome Powell of mismanaging the central bank’s budget during renovations, adding to President Trump’s criticism of
Republicans believe Powell’s testimony to Congress about an ongoing $2.5 billion DC office renovation may be a way to force him to step aside.
Tensions between Fed Chair Jerome Powell and Trump have intensified over the central bank’s interest rate decisions and monetary strategy. Trump has placed the blame on Powell for not cutting rates.
Treasury Secretary Scott Bessent is among the contenders to head the Federal Reserve. Can President Donald Trump have him do both jobs at once?