US Prosecutors Make Surprise Visit To Fed HQ Renovation Project
President Trump condemned the Federal Reserve's renovation costs as disgraceful and personally inspected the construction site.
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President Trump condemned the Federal Reserve's renovation costs as disgraceful and personally inspected the construction site.
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Federal prosecutors visited the Federal Reserve HQ to investigate whether Chair Jerome Powell lied to Congress about a $2.5 billion renovation project. The probe has stalled the confirmation of Powell's successor as political tensions between the Fed and the executive branch escalate.
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President Trump has threatened to fire Fed Chair Jerome Powell if he does not resign by May 15, citing alleged mismanagement of a multi-billion dollar headquarters renovation. Right-leaning outlets like Fox Business and The Daily Caller focus on Trump's accusations of "incompetence" and his push for nominee Kevin Warsh. In contrast, left-leaning sources such as RawStory and MS NOW frame the ultimatum as a personal "vendetta" that faces significant judicial and legislative pushback.
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