Trump Accuses Powell and the Fed of Mismanagement
The White House's Accusations Against Powell and the Federal Reserve
The ongoing feud between President Donald Trump and Federal Reserve Chairman Jerome Powell has taken a new turn. The White House has accused Powell of mismanaging the Federal Reserve, citing the expensive renovation of the headquarters as evidence. Trump has been pushing for Powell to lower interest rates, but the Fed has maintained its stance on keeping rates steady. The renovation project, which is expected to cost a staggering $3.4 billion, has been a point of contention between the White House and the Fed. The White House argues that the money could have been better used elsewhere, while the Fed maintains that the renovation is necessary for security and operational improvements.
