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Fed Chair Powell may face dismissal over building renovation

Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul

Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank’s building renovations that White House officials have attacked as “ostentatious."

CNBC on MSN · 35m

Fed Chair Powell asks inspector general to review controversial building project

In a letter posted to social media last week, Russell Vought, the head of the Office of Management and Budget, also slammed the project, which involves two of the Fed's three Washington, D.C. buildings including its main headquarters known as the Eccles Building.

CNN on MSN · 20m

Under fire for cost overruns, Powell asks watchdog to review the Fed’s $2.5 billion renovation plan

Federal Reserve Chair Jerome Powell has asked the central bank’s inspector general to formally review an ongoing $2.5 billion renovation of the institution’s headquarters in Washington, DC, according to a source familiar with the matter.

1hon MSN

Fed's Powell asks for inspector general review of project criticized by Trump officials

Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector general to review the costs involved in the ...

2hon MSN

Powell seeks internal review of Fed's HQ overhaul - report

Federal Reserve Chair Jerome Powell has requested an internal review of the central bank's $2.5B headquarters revamp in the ...

20m

Contenders to succeed Powell slam Fed chair as White House pressure intensifies

Two top contenders to replace Jerome Powell slammed the Fed chair for a $2.5 billion renovation of the central bank’s ...

2don MSN

Trump official criticizes Fed chief Powell as Trump takes aim over interest rates

A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as ...

Why Trump removing Powell is the market's most underestimated risk

Analysts at Deutsche Bank consider the president's removal of Fed chief Jerome Powell "one of the largest under-priced event ...

Axios on MSN3h

Scoop: Powell requests IG review on $2.5 billion renovation amid Trump pressure

Federal Reserve Chair Jerome Powell has asked the central bank's inspector general to review its $2.5 billion headquarters ...

Video: Trump Is Considering a ‘Shadow Fed.’ Here’s Why That's Risky

President Trump has signaled he is looking to name a replacement for Federal Reserve Chair Jerome Powell far earlier than usual—in a bid to undermine him. Here's how the "shadow chair" gambit could ...

1don MSN

Powell's ouster 'one of the largest underpriced event risks over the coming months'

Potential removal of Fed Chair Jerome Powell could disrupt markets, spike inflation expectations, and impact the USD and ...

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Fed Chair Powell may face dismissal over building renovation

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