Trump, Powell bicker over Fed building renovations
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President Donald Trump told reporters he would not fire Federal Reserve Chair Jerome Powell despite growing tension between the two over interest rates.
President Donald Trump used a rare visit to the Federal Reserve on Thursday to renew his pressure on Fed Chair Jerome Powell, telling reporters that costs to renovate the Fed’s buildings were exorbitant. Powell shook his head at times during the president’s remarks.
It was not a flattering moment for a president who routinely makes up figures but who is rarely fact-checked by his appointees on camera.
President Donald Trump swung by the Federal Reserve on Thursday to highlight the hefty price tag of the building’s ongoing renovation as a means to pressure Fed Chair Jerome Powell. But in a remarkable moment, Trump cited falsely inflated figures for the renovation — and got immediately called out for it.
Washington — House Speaker Mike Johnson said he understands President Trump's frustration with Federal Reserve Chair Jerome Powell, but reiterated that he's uncertain about "what the legal parameters are" if the president fires him .
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Filed in the U.S. District Court for the District of Columbia, Azoria Capital's lawsuit claims that the bank's closed-door meetings violate the Government in the Sunshine Act of 1976.