President Trump on Thursday said the renovation project at the Federal Reserve is not grounds to fire Chair Jerome Powell, seemingly backing off the central bank leader. After touring the construction site at the central bank's headquarters in Washington, Trump was asked if he believed the project, which he and his administration have criticized as being…
Economic News
Wall Street was on track to open with gains on Friday, adding to record highs ahead of next week's busy slate of earnings, job market reports, a Federal Reserve policy meeting and the tariff deadline. Intel shares tumbled more than 7% overnight after the chipmaker announced plans to reduce its“ core” workforce by nearly one-quarter and cut other expenses in a bid to…
Tim Scott, a Republican, used a visit to a Federal Reserve renovation site on Thursday to talk about the need to lower interest rates. "So I met with the contractors, we toured it with the chairman, and we had a very good tour, and we'll talk to you about it sometime, but Tim and I sort of understand what happened," Trump said after a tour led by Federal Reserve Chairman Jerome…
–President Donald Trump brought a team of allies and construction professionals to tour an over-budget renovation project at the Federal Reserve buildings in Washington D.C.. Trump met with Federal Reserve Chairman Jerome Powell at the site. Thom Tillis, R- N.C., Office of Management and Budget Director Russell Vought and Federal Housing Finance Agency boss…
Congress decided to pass a law reining in banks after it learned that they were making billions off of the fees annually. The statute instructs the Board of Governors of the Federal Reserve System to regulate the fees in a way that is "reasonable and proportional" to the cost of processing debit card purchases. Meanwhile, Corner Post says it still has to shoulder…
In order to transform Liberia's financial landscape, the Central Bank of Liberia has called on commercial banks, mobile money operators, and fintech companies to align with its national agenda for a cashless and digitized economy. The call was made on Wednesday, July 23, 2025, by CBL Executive Governor Henry F. Saamoi during the reading of the Bank's 3rd Monetary…
WASHINGTON- President Donald Trump locked horns with Federal Reserve Chair Jerome Powell during a rare presidential visit to the U.S. central bank on Thursday, criticizing the cost of renovating two historical buildings at its headquarters and pressing the case for lower interest rates. Trump, who called Powell a "numbskull" earlier this week for failing to…
President Trump on Thursday said the renovation project at the Federal Reserve is not grounds to fire Chair Jerome Powell, seemingly backing off the central bank leader. After touring the construction site at the central bank's headquarters in Washington, Trump was asked if he believed the project, which he and his administration have criticized as being…
But when asked if the issue of the over budget renovations gave him cause to fire Mr. Powell, Mr. Trump said he doesn’ t want to get personal, and that he was only visiting the site along the National Mall in Washington for a tour. The high-level tour came as Mr. Trump has increased pressure on Mr. Powell to lower interest rates and has spoken publicly about possibly firing…
—Typically I wear a suit and tie when visiting the Federal Reserve, one of the most powerful financial institutions in the world. I was not at the Fed for the usual discussions of interest rates, inflation and unemployment, but for something more down to earth: a tour of what has become the most famous— or notorious— building renovation in Washington, a $2.5 billion…
—President Donald Trump rattled off a number to shame Federal Reserve Chair Jerome Powell about the renovation costs of the Fed's headquarters— and America's central banker dared to correct him. Trump claimed the renovation project was over budget at a $3.1 billion price tag, while Powell pushed back and said the president was including an extra building that…
President Donald Trump is set to visit the Federal Reserve headquarters in Washington on Thursday, days after suggesting Chair Jerome Powell's handling of a costly building renovation could be grounds for dismissal. The visit comes amid heightened tensions between the White House and the central bank. Such a move would challenge the central bank's…
—President Donald Trump may have found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell: by accusing him of mismanaging the U.S. central bank’ s $2.5 billion building renovation project. The Supreme Court recently signaled that Trump can’ t fire Powell simply because the president disagrees with him on interest rates.
—Trump and Fed chair Powell publicly bicker over full cost of building renovations as president pressures central banker.
–President Donald Trump continues to pressure Federal Reserve Chairman Jerome Powell. Trump previously called Powell to the White House for a meeting. Since returning to the White House for his second term, Trump has called Powell every name in the book.
This week brings another opportunity for Fed Chair Jerome Powell to defend the central bank's cautious stance as he addresses markets that increasingly question whether patience remains the right strategy. Yet cracks are emerging within the Federal Open Market Committee. Governor Christopher Waller has articulated a compelling alternative view that…
—Federal Reserve gives journalists a rare look at the $2.5 billion renovations that have angered Trump ahead of his visit.
President Donald Trump will head to the Federal Reserve on Thursday amid his ongoing calls for Chair Jerome Powell to resign. A U.S. president hasn't visited the nation's central bank since President George W. Bush in 2006. White House Deputy Chief of Staff James Blair, who has also taken to referring to Powell as "Too Late" on social media, has also been critical of…
President Donald Trump visited the Federal Reserve headquarters in Washington on Thursday, where he publicly scorned Fed chairman Jerome Powell over the costs of a long-planned, roughly $2.5 billion renovation project, and sparred with Powell, who challenged the president’ s latest price tag as incorrect. If Trump were to undermine the Fed’ s independence, it…
