Fed, Trump and Powell
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The yearslong project to overhaul the U.S. central bank’s headquarters in Washington, D.C., has run into multiple hurdles, including higher-than-expected groundwater at the site.
2don MSN
After months of criticizing Federal Reserve Chair Jerome Powell, President Donald Trump took the fight to the Fed’s front door on Thursday, publicly scorning the central bank chief over the ballooning costs of a long-planned building project.
The U.S. DOGE Service is using a new AI tool to eliminate federal regulations, aiming to cut 50 percent of rules by the first anniversary of President Donald Trump’s inauguration.
The Federal Reserve is meant to operate independently from politics in order to stay true to its congressionally mandated mission to maintain price stability and maximum employment. But President
As president, Donald Trump doesn't get a lot of pushback, but he got some Thursday from Federal Reserve Chairman Jerome Powell about the renovation costs of the Fed's headquarters.
Washington Attorney General Brown secured a temporary halt against federal restrictions on public benefits, buying time until September 3 for those relying on state services.
As the president toured the central bank’s Washington headquarters, he slapped its chief, Jay Powell, on the back and said: “I would love it if he lowered interest rates.” Powell’s awkward laugh in the moments that followed underscores how Trump is publicly challenging the Fed in a way never seen in the history of the central bank.
Fed staff told reporters that it would have been less expensive to just build a new building rather than restore the two historic properties.