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White House, Jerome Powell and Fed

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 headquarters, with one saying the Trump administration is examining whether it can fire the policymaker and the other saying the Fed has 'lost its way.

Reuters on MSN · 20h

Hassett says White House probing Fed renovation costs, authority to fire Powell

WASHINGTON, July 13 (Reuters) - U.S. President Donald Trump has the authority to fire Federal Reserve Chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said on Sunday, adding that the Fed "has a lot to answer for" on renovation cost overruns at its Washington headquarters.

Politico on MSN · 2d

'Huge deal': White House probe fuels speculation Trump could oust Powell

The investigation into cost overruns on a renovation of Fed headquarters is drawing concern that it's a pretext to eventually fire the central bank chief.

20m

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 ...

17hon MSN

White House defends tariffs on Brazil despite trade surplus

National Economic Council Director Kevin Hassett defended Donald Trump’s newly unveiled 50% tariff against Brazil on ABC News ...

19mon MSN

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 ...

13h

Trump slams Fed's Powell again, as White House eyes ways to fire him

Australia will not commit troops in advance to any conflict, Defence Industry Minister Pat Conroy said on Sunday (July 13), ...

Market Voices: White House vs. Powell, EU tariffs, Kenvue's new CEO

Seeking Alpha's daily roundup of remarks and statements that could impact markets, sectors or individual stocks. Read more here.

Opinion

1hon MSNOpinion

Trump’s Assault on Powell Is a Bigger Market Threat Than Tariffs. Here’s Why.

EU, Mexico press for trade deal, inflation data coming this week, major banks kick off earnings season, and more news to start your day.

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