Trump Considers Firing Federal Reserve Chairman Powell Amid Controversy Over Renovation Costs
2025-07-13 14:37:14
Main Idea
President Trump is considering firing Federal Reserve Chairman Powell amid controversy over budget overruns and accusations of misrepresentation regarding the renovation of the Federal Reserve's headquarters.
Key Points
1. White House Economic Advisor Kevin Hassett affirmed Powell's accountability for budget overruns linked to the renovation of the Federal Reserve's Washington, D.C. headquarters.
2. White House Budget Office Director Russell Voth accused Powell of misrepresenting facts about the renovation expenses.
3. President Trump has consistently criticized Powell’s monetary policy.
Description
White House Economic Advisor Kevin Hassett recently affirmed that President Trump holds the authority to dismiss Federal Reserve Chairman Jerome Powell, contingent upon the emergence of substantiated evidence. Hassett emphasized
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