Negative
25Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 0
- Center
- 0
- Right
- 0
- Unrated
- 1
- Last Updated
- 10 hours ago
- Bias Distribution
- 100% Unrated


White House Escalates Pressure on Fed Chair via Headquarters Renovation
President Donald Trump is intensifying his campaign to pressure Federal Reserve Chairman Jerome Powell to lower interest rates or resign by targeting the costly renovation of the Fed's headquarters, alleging violations of government building rules. Trump's top budget adviser, Russ Vought, sent a letter expressing concern over the 'ostentatious overhaul,' and Trump appointed two close aides to the National Capital Planning Commission to scrutinize the renovation plans further. This move is part of an unprecedented effort to challenge the Fed's traditional independence, with Trump openly criticizing Powell and calling for his immediate resignation. Powell has resisted the pressure to cut rates due to concerns about inflation and the potential impact of Trump's tariff policies on consumer costs, maintaining a cautious stance despite the president's insistence that inflation is no longer a problem. If Trump succeeds in forcing Powell out or lowering rates, it would mark a significant expansion of presidential influence into a domain historically shielded from political interference, raising concerns about the central bank's autonomy. So far, Powell and Fed officials have avoided direct responses to the escalating political pressure.
- Total News Sources
- 1
- Left
- 0
- Center
- 0
- Right
- 0
- Unrated
- 1
- Last Updated
- 10 hours ago
- Bias Distribution
- 100% Unrated
Negative
25Serious
Neutral
Optimistic
Positive
Related Topics
Stay in the know
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Gift Subscriptions
The perfect gift for understanding
news from all angles.