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Fed, White House and Jerome Powell

Reuters on MSN · 12h

Hassett says White House probing Fed renovation costs, authority to fire Powell

WASHINGTON, July 13 (Reuters) - U.S. President Donald Trump has the authority to fire Federal Reserve Chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said on Sunday and that the Fed "has a lot to answer for" on renovation cost overruns at its Washington headquarters.

White House Increases Attacks On Powell Over Fed’s $2.5B Office Renovation

Kevin Hassett, an economic adviser to President Donald Trump, said that the Federal Reserve chairman had "a lot to answer for" about a pricey office renovation.

Contenders to succeed Powell slam Fed chair as White House pressure intensifies

Two top contenders to replace Jerome Powell slammed the Fed chair for a $2.5 billion renovation of the central bank’s headquarters, with one saying the Trump administration is examining whether it can fire the policymaker and the other saying the Fed has 'lost its way.

33mon MSN

Jerome Powell asks Inspector General to review Fed’s $2.5B HQ revamp as Trump escalates attacks: report

Federal Reserve Chair Jerome Powell has reportedly asked the central bank’s inspector general to review its $2.5 billion ...

Banking Dive31m

Dive Deposits: Fed pushes back on Vought’s skewering of renovation

In an FAQ document, the central bank appears to emphasize it’s responding to senators’ concerns, not the OMB chief’s, and ...

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