Trump Allies Open New Front With Powell Over Building Rehab (2)

July 14, 2025, 1:43 AM UTC

President Donald Trump and his allies have seized upon a new way to criticize the head of the US central bank: his handling of an expensive renovation of the Federal Reserve’s headquarters.

The construction project offers the clearest example yet of how Trump and those in his orbit are looking for every opportunity to scrutinize Jerome Powell’s leadership at the central bank, even beyond his economic stewardship.

Some administration officials also appear to be building a case that the renovation is the opportunity Trump needs to meet the high legal standard required to remove Powell from the Fed’s Board ...

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