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Powell Orders Review of Fed's $2.5B Renovation

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Under fire for cost overruns, Powell asks watchdog to review the Fed’s $2.5 billion renovation plan
Federal Reserve Chair Jerome Powell has asked the central bank’s inspector general to formally review an ongoing $2.5 billion renovation of the institution’s headquarters in Washington, DC, according ...

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Fed's Powell Asks Watchdog to Take Fresh Look at Renovation Project, Politico Reports
Powell Asks Fed’s Inspector General to Review Renovation Project
Hassett says White House probing Fed renovation costs, authority to fire Powell
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 F...

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Axios · 22h
Here's how Trump's feud with Fed chair Jerome Powell escalated
Fed's Powell asks for watchdog review of project criticized by Trump officials
Under Fire by Trump Over Costs, Chair Powell Seeks Watchdog Review of Fed Building Overhaul
Trump has repeatedly demanded that Powell cut the short-term interest rate that the central bank controls, in part because the president believes it will lower the government's borrowing costs.

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EconoTimes · 17h
Powell Orders Review of Fed’s $2.5B Renovation Amid Trump Pressure
Trump admin’s attacks on Powell over $2.5 billion Fed renovation hinge on ‘VIP dining rooms’ and procedural grounds with an obscure gov agency
Fed’s Bowman Urges Banks to Do More to Improve Credit Access
Michelle Bowman, the US Federal Reserve’s top bank cop, encouraged the financial industry to consider more innovation as one way to rope in credit invisible Americans who often struggle due to insufficient credit histories.
Bessent Says ‘Formal Process’ Underway To Find Fed Chair Powell’s Successor, Report Says
Treasury Secretary Scott Bessent told Bloomberg on Tuesday a “formal process” has been launched to find Federal Reserve Chair Jerome Powell’s successor, following months of pressure from President Donald Trump to have Powell step down from his role at the agency.
Fed's inflation fears may start to be realized with June CPI data
The U.S. is expected on Tuesday to report that rising costs for imported goods lifted overall consumer prices in June, kicking off what might be several months at least of such increases and giving Federal Reserve officials highly awaited data on whether the Trump administration's tariffs are boosting inflation.
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Aspiring Fed chairs play to an audience of one
Kevin Hassett, Trump’s adviser and current director of the National Economic Council, gave an interview with CNBC on Sunday in which he said firing Powell was “being looked into” and praised the US president as “one of the most successful, if not the most successful businessmen in the 20th century”.
I moved to the US, but got fed up with fighting the immigration system. I've taken a salary hit in Canada, but I feel like I belong.
Sindhu Mahadevan moved to the US to study. After growing disillusioned with the immigration system, she applied for permanent residency in Canada.
Trump economic adviser Kevin Hassett is rising in race for next Fed chief
Kevin Hassett, Trump’s longest-serving economic adviser, is a leading contender to become the next Federal Reserve chairman, a position with significant influence over interest rates and the U.S. econ
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A Fed Nightmare Is Suddenly Coming True Just As Bitcoin Hits Another All-Time High Price
Trump is threatening to create a Federal Reserve independence nightmare for markets as the bitcoin price hits an all-time
Fed official reveals why America's economy remains 'really healthy' despite holding off on rate cuts
Bank of Cleveland President Beth Hammack said that she does not see an immediate reason to cut interest rates and that the U.S. economy is "really healthy."
Inflation shows biggest rise in 5 months. CPI dims slim chance of Fed rate cut in July.
Consumer prices posted the biggest increase in June in five months and are likely to keep the Federal Reserve from cutting interest rates soon, but there only scattered signs of tariff-related inflation.
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