🚨 JUST IN: Trump is demanding that Jerome Powell be FORCED TO RESIGN from the Federal Reserve Board.
The call comes after a Federal Reserve Inspector General report criticized the management of the Fed’s headquarters renovation project.
The project’s cost has climbed to roughly $2.4–$2.5 BILLION.
The watchdog found significant management and oversight deficiencies but reported no criminal violations or administrative misconduct.
Trump has asked Attorney General Todd Blanche to review the report and determine what action should be taken.
Powell is no longer Fed chair, but he remains on the Board of Governors.
The bigger issue is the growing confrontation over the Federal Reserve, interest rates and the independence of US monetary policy.
Markets will be watching closely.
#Trump #FederalReserve #JeromePowell #InterestRates #Markets
The call comes after a Federal Reserve Inspector General report criticized the management of the Fed’s headquarters renovation project.
The project’s cost has climbed to roughly $2.4–$2.5 BILLION.
The watchdog found significant management and oversight deficiencies but reported no criminal violations or administrative misconduct.
Trump has asked Attorney General Todd Blanche to review the report and determine what action should be taken.
Powell is no longer Fed chair, but he remains on the Board of Governors.
The bigger issue is the growing confrontation over the Federal Reserve, interest rates and the independence of US monetary policy.
Markets will be watching closely.
#Trump #FederalReserve #JeromePowell #InterestRates #Markets
