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White House Investigates Fed Renovations Amid Ouster Rumors

1 min read
Source: Reuters
White House Investigates Fed Renovations Amid Ouster Rumors
Photo: Reuters
TL;DR

The White House is investigating the $700 million cost overruns of the Fed's headquarters renovation, with some officials suggesting President Trump has the authority to fire Fed Chair Jerome Powell for cause, amid ongoing criticism and calls for regime change at the Fed.

Topics:businesspolitics#fed-authority-debate#fed-renovation-costs#kevin-hassett#politics#regime-change-at-fed#trump-fire-powell
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  1. Hassett says White House probing Fed renovation costs, authority to fire Powell  Reuters
  2. Trump ‘certainly’ can fire Fed chair Powell ‘if there’s cause’: Hassett  CNBC
  3. White House Seizes on Fed Renovations as Opening to Oust Powell  The Wall Street Journal
  4. Risk of Powell ouster is underpriced, Deutsche Bank strategist says  Fortune
  5. 'Huge deal': White House probe fuels speculation Trump could oust Powell  Politico

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