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News

Fed, White House and Powell

MarketWatch on MSN · 1d
Fed defends costly renovation project amid White House criticism that it was mismanaged
Investors don’t seem to give much credence to claims that cost overruns will give President Trump justification to oust Fed Chair Powell.
Reuters on MSN · 2d
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.
USA TODAY on MSN · 1d
Fed Chair Powell's finally fighting back as the White House looks to fire him 'for cause'
The White House uses an overbudget renovation of Fed headquarters to pressure Fed Chair Powell out of his job. Will it work? And does it even matter?
49mon MSN
Trump eyes opportunity to oust Powell in $700 million overrun on Fed building extension
When a reporter asked if the expensive renovation was a fireable offense, Trump replied, “I think it sort of is." ...
NDTV Profit on MSN1h
Trump Likely To Fire Fed Chair Powell Soon, White House Official Says
In seeking to fire him, Trump would test the legal bounds of his authority over the central bank and independent federal ...

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