Trump Demands Powell Resign From Fed Board Over Headquarters Renovation
The US president has asked the attorney general to review a watchdog report and threatened legal action against the former Fed chair.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
US President Donald Trump has demanded that Jerome Powell resign from the Federal Reserve board over a renovation of the central bank's headquarters, according to a report from Anadolu Agency.
Trump has asked Attorney General Todd Blanche to review a watchdog report related to the renovation project, and has threatened legal action against the former Federal Reserve chair.
Renovation scrutiny
The Federal Reserve's headquarters renovation has previously drawn criticism over its cost, becoming a point of contention between the administration and the central bank.
It was not immediately clear from available reporting what specific findings the watchdog report contained or what legal action Trump might be considering against Powell.
The Federal Reserve has not publicly responded to the renewed calls for Powell's resignation, according to the available report.
Tensions between the Trump administration and the Federal Reserve over its leadership and policy direction have persisted throughout Trump's time in office.
Sources
- Trump demands Powell resign from Fed board over headquarters renovation — Anadolu Agency (Turkey)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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