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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.
- On Thursday afternoon, President Donald Trump forced a snap visit to the Federal Reserve's Eccles building, wearing a hard hat during the renovation tour, with the visit supported by reports of his criticism of cost overruns.
- Claiming the Fed renovation budget jumped from under $2.5 billion to over $3.1 billion, President Donald Trump highlighted cost overruns, prompting the site tour.
- Amid the back-and-forth, Powell said Trump mistakenly included the Martin building renovation from five years ago, highlighting a cost overrun discrepancy.
- `We're ready for them,` Powell said, while noting reserves in place, responding to concerns about market stability after Trump's criticism of renovation costs.
- Next Tuesday and Wednesday, the Federal Open Market Committee will meet, Powell said, and markets will watch for rate decisions and future guidance.
12 Articles
12 Articles
Florida Sen. Rick Scott Demands Powell's Ouster Amid "Culture Of Corruption" At Federal Reserve
Senator Levels Charges of “Corruption, Mismanagement, Zero Accountability” Against Fed Chair, Citing Billion-Dollar Headquarters Overruns and Economic Hardship. Senator Rick Scott (R-FL) unleashed a scathing attack on Federal Reserve Chairman Jay Powell today, calling for his immediate resignation. Citing ballooning costs for the Fed’s new headquarters, rampant ethics violations, and what he termed “disastrous mismanagement,” […] Florida Sen. Ri…
Trump Advocates for Fiscal Responsibility at Federal Reserve - Real News Now
Today marks the commencement of former Congressman George Santos’ prison sentence, stemming from wire fraud and identity theft charges. On a separate note, the spotlight falls on President Donald Trump who is destined for an important engagement at the Federal Reserve in the capital, Washington, D.C. Planning to continue the investigation underway into the Jeffrey Epstein scandal, Deputy Attorney General Todd Blanche is scheduled for further con…
Trump supervises works at the headquarters of the federal reserve
In a Completely Surprising and Stunning Development, Trump Is Wrong Again!
Republished with permission from Lucian K. Truscott IV Okay, go ahead and pick your jaws up off the floor, so I can get started. What is Trump wrong about this time? The Federal Reserve’s renovation project, because of course he is! He’s a six-time bankrupt former real estate magnate, so what would he know about building construction costs? As little as you would think, it turns out. Trump made headlines today by forcing a snap visit to the cons…
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.
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