Powell ‘May Resign’ Over $2.5B HQ, Trump Demands 1.25% Rate

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TL;DR Powell under pressure as $2.5B Fed HQ project faces criticism from lawmakers and agency officials. Trump demands Fed slash rates to 1.25%. William Pulte says Powell stepping down would be “right decision” as Fed meeting approaches July 29. Powell Faces Pressure Amid HQ Spending Backlash Federal Reserve Chair Jerome Powell is facing new pressure amid reports he is considering stepping down. A senior government official said that “high-level, credible sources” believe Powell is weighing whet...