Trump relents on Fed renovations
Digest more
President Donald Trump is scheduled to visit the Federal Reserve in person Thursday — an unusual move that’s also a major escalation in the White House’s pressure campaign against Chair Jerome Powell.
A $2.5 billion Federal Reserve renovation will get a probing today when a group of Trump allies makes a visit after weeks of mounting criticisms, one of numerous pressure points being applied to Fed Chair Jerome Powell.
Federal Reserve Chair Jerome Powell has made a formal request that the central bank’s inspector general review its $2.5 billion building renovation, according to a spokesperson for the IG’s office.