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Five things to know about the Fed building renovations at the centre of Trump's fight with Powell
United States President Donald Trump's administration is threatening to bring criminal charges against Federal Reserve (Fed) Chair Jerome Powell over cost overruns at the US central bank's headquarters complex in Washington, the latest broadside by Trump against Powell and a Fed he wants to lower interest rates dramatically. The cost of the Fed's years-long renovation of two historic buildings has spiralled beyond the original estimates, and rose earlier this year as a new pressure point for Trump against Powell. Here are five things to know about the project: What are the buildings the Fed is renovating that have ... (full story)
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From finance.yahoo.com | Jan 12, 2026
One potential outcome from the fresh battle between President Trump and Fed Chair Jerome Powell that won't sit well with Mr. Market or consumers: an outbreak of inflation. "Looking at longer-term risk, inflation expectations could become unanchored," Northwestern Mutual Wealth Management chief portfolio manager of equities Matt Stucky told me on Yahoo ...
FEDERAL PROSECUTORS OPEN PROBE INTO FED CHAIR POWELL OVER FED HQ RENOVATIONS – NYT
United States President Donald Trump told NBC News he had no knowledge of the Justice Department's actions, after it subpoenaed the Federal Reserve. "I don't know anything about it, but he's certainly not very good at the Fed, and he's not very good at building buildings," Trump said of Fed Chair Jerome Powell in the interview. Powell said the Justice ...
