Trump Backs Off Federal Reserve Renovation
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1hon MSN
On Thursday, staff at the Federal Reserve led a small group of journalists, photographers and television cameras on an extensive tour of the large, active construction site that comprises two 1930s-era buildings.
8hon MSN
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 .
7hon MSN
President Donald Trump comments on the Federal Reserve's renovation after meeting with Federal Reserve Chairman Jay Powell and touring the central bank's headquarters. REPORTER: You've been on a number of construction sites.
Trump will visit the headquarters of the Federal Reserve today, the White House said. The unusual visit comes as the president has tried to pressure Chair Jerome Powell to lower interest rates and amid criticism by him and top administration officials over the cost of renovations to the building.
U.S. Treasury Secretary Scott Bessent on Monday said the entire Federal Reserve needed to be examined as an institution and whether it had been successful. Bessent, speaking with CNBC, declined to comment on a report that he had advised President Donald Trump not to fire Fed chair Jerome Powell,
Experts met at the Fed to discuss the future of banking regulation, with Chair Powell emphasizing the need for a cohesive capital framework.
U.S. Treasury Secretary Scott Bessent is calling for a review of the central bank's operations as Federal Reserve Chair Jerome Powell faces mounting pressure to resign.
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