Trump Adviser Calls for Powell's Resignation Over Fed Renovation Report
White House economic adviser Kevin Hassett has called on former Federal Reserve Chair Jerome Powell to resign from the central bank’s board following a report by an internal watchdog. The report criticized how management handled the $2.4 billion renovation of the Fed’s headquarters, raising concerns about oversight and accountability. Hassett's remarks highlight growing scrutiny over the project, which has drawn attention due to its high cost and reported mismanagement issues. While Powell remains in his role as Federal Reserve Chair at this time, the call for resignation underscores political pressure stemming from internal governance failures within one of America’s most influential financial institutions. The situation could impact public perception of the Fed's leadership and potentially influence broader economic policy discussions.
Topics: Federal Reserve management criticism White House economic adviser