Friday, 18 July 2025 () Federal Reserve Chair Jerome Powell refuted allegations of mismanagement in the Federal Reserve Board’s renovation project, responding to concerns raised by White House Budget Director Russ Vought. Amidst speculation of a potential removal attempt, Powell clarified that claims of extravagant features like rooftop gardens and luxury amenities were inaccurate. The project's costs and adherence to historical preservation standards are under scrutiny, with President Trump hinting at possible action.
Watch Fed Chair Jerome Powell react to US President Donald Trump
The Federal Reserve Chair and the US President got into a disagreement over costs at a tour of the Fed’s office building renovation..
Credit: euronews (in English) Duration: 02:55Published
Donald Trump launched a scathing attack on Federal Reserve Chair Jerome Powell, calling him “Too Late” and blaming him for crippling interest rates. In a fiery speech, Trump accused Powell of..