Trump to visit Federal Reserve amid scrutiny of renovations
Share and Follow


President Trump is scheduled to visit the Federal Reserve’s headquarters on Thursday, joining other administration officials who have requested a site tour because of scrutiny of the central bank’s renovations.

Trump is set to visit the Fed at 4 p.m. on Thursday, according to his public schedule released by the White House. The visit is slated to last roughly an hour.

Top White House officials have zeroed in on a $2.5 billion renovation of the Federal Reserve’s Washington offices as part of a series of criticisms of chairman Jerome Powell.

Trump has for months berated Powell, whom he first appointed to the position in 2017, for not lowering interest rates. But the criticism has expanded in recent weeks.

White House deputy chief of staff James Blair and White House budget chief Russ Vought have led the charge in focusing on the renovations, and the president last week suggested the cost overruns could be a fireable offense for Powell. He has since backed off and indicated he does not intend to fire the chairman before his term expires next May.

Powell has asked the inspector general of the central bank to review the renovations, and the Fed has posted an explainer to its website detailing why the project has faced increased costs.

Share and Follow
You May Also Like

Vance posts his first TikTok as VP

Vice President Vance relaunched his TikTok profile on Monday, posting his first…

Stephen Miller Outsmarts Reporter Over Democratic Views on ICE Deportations

White House Deputy Chief of Staff Stephen Miller outfoxed a CNN reporter…

Revealed: Abigail Spanberger’s Post-9/11 Year at the ‘Islamic Saudi Academy’

The twisted tale of Abigail “Let Your Rage Fuel You!” Spanberger continues…

Hegseth’s ultimatum to generals sparks fears of departures

Defense Secretary Pete Hegseth’s “my way or the highway” message to hundreds…

Live On-Air Debate: Fox News’ Jessica Tarlov and Bret Baier Disagree

Fox News host Jessica Tarlov lost it live on-air during a heated…

Airports report staffing shortages amid shutdown

Multiple airports reported a shortage of air traffic controllers Monday, as the…

Takaichi Sanae Poised to Make History as Japan’s First Female Prime Minister

Takaichi Sanae narrowly won the race for leadership of Japan’s right-wing Liberal…

Thomas Skinner Concedes He “Wasn’t Cut Out” for Strictly After Early Exit: “I Dance Like a Fridge!”

Thomas Skinner has admitted that he ‘wasn’t good enough’ for Strictly Come…