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Fed defends costly renovation project amid White House criticism that it was mismanaged
Investors don’t seem to give much credence to claims that cost overruns will give President Trump justification to oust Fed Chair Powell.
Trump has wanted to fire Federal Reserve Chair Jerome Powell. A costly Fed renovation project could provide the reason.
The White House is looking for any possible way to discredit Jerome Powell right now," said Stephen Moore, an informal Trump economic adviser.
Trump admin’s attacks on Powell over $2.5 billion Fed renovation hinge on ‘VIP dining rooms’ and procedural grounds with an obscure gov agency
The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.
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