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Florida Sen. Rick Scott Demands Powell's Ouster Amid "Culture Of Corruption" At Federal Reserve

DISTRICT OF COLUMBIA, JUL 25 – President Trump confronted Federal Reserve Chairman Jerome Powell over renovation costs rising from $2.5 billion to more than $3.1 billion at the Fed headquarters, highlighting budget disputes.

  • Florida Senator Rick Scott called for Federal Reserve Chairman Jerome Powell's immediate resignation on July 26, 2025, in Washington, D.C.
  • Scott intensified criticism after President Trump led a surprise visit to the Fed's Eccles building construction site, accusing Powell of mishandling a $3.1 billion renovation budget.
  • Scott cited Powell's oversight of ethics violations, mismanagement, a $6.7 trillion unsustainable Fed balance sheet, and operating losses exceeding $77 billion last year.
  • Scott asserted that many Americans recognize the necessity for new leadership, highlighting ongoing shortcomings under Powell despite calls from both parties for reforms.
  • The ongoing feud increases pressure on Powell as markets remain cautious, with Trump threatening to use budget overruns as grounds for Powell's removal.
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11 Articles

Lean Left

Trump supervises works at the headquarters of the federal reserve

·Mexico
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Center

US President Donald Trump visited the Federal Reserve in Washington, resulting in a bizarre and awkward press briefing, where he began arguing with the bank's chairman over the cost of the building's renovation. Trump has long been at odds with Jerome Powell, Chairman of the Federal Reserve.

·Antwerp, Belgium
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  • 43% of the sources lean Left, 43% of the sources lean Right
43% Right

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The Epoch Times broke the news in New York, United States on Thursday, July 24, 2025.
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