Trump Calls For Jerome Powell’s ‘Forced’ Resignation From Fed Board After Watchdog Report
The watchdog found oversight deficiencies but no criminal misconduct, as the project’s estimated cost rose to $2.46 billion, according to Fed records.
- On Wednesday, President Donald Trump demanded Federal Reserve Chair Jerome Powell resign in a Truth Social post, citing a new report finding project "deficiencies" in the Fed Board's oversight.
- The Board's headquarters budget reached an estimated $2.46 billion, prompting an Inspector General report identifying project management issues but finding no grounds for criminal referral.
- Trump claimed he "could have done a far better Renovation for 25 Million Dollars" and threatened, "I have asked Attorney General Todd Blanche to study the report and make a determination as to what to do."
- Democratic Senator Elizabeth Warren labeled the complaints a "clear pretext to fire Fed Chair Powell," while Powell described earlier DOJ subpoenas as "unprecedented intimidation."
- Powell remains on the Board to protect the institution's independence, breaking with tradition after his term as chair ended in May to ensure the Fed can fight inflation effectively.
16 Articles
16 Articles
US president asks Attorney General Todd Blanche to review watchdog report, threatens legal action against former Fed chair
Trump Calls For Jerome Powell’s ‘Forced’ Resignation From Fed Board After Watchdog Report
The Federal Reserve's inspector general cleared Powell of criminal wrongdoing in a report Wednesday that noted poor project management of the Fed headquarters’ renovation.
The Fed’s building renovations and Trump’s push to oust Powell - Regional Media News
Sept 30 (Reuters) - President Donald Trump began publicly attacking Jerome Powell - and privately musing about firing him - just months after Trump elevated Powell in 2018 to the top job at the US central bank. Trump was unhappy that Powell did not deliver [...]
Trump uncorks fiery tirade after watchdog clears Jerome Powell's name: 'Unheard of!'
President Donald Trump demanded former Federal Reserve Chair Jerome Powell resign in a Truth Social tirade over the central bank's renovation.In a Wednesday Truth Social post, Trump said Powell should be "forced to resign, IMMEDIATELY" from the Fed's board, and that if he doesn't, "he should be sued...
The US President accused Fed boss Powell of being responsible for the cost explosion in the renovation of the Fed building. Trump's accusation is now being cleared up by an internal audit report. Nevertheless, the examiner sees reasons for criticism of the inflation.
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