Fed, Powell
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The Federal Reserve’s renovation project is bogged down largely by invisible labor, preservation, raw material, and environmental costs, all of which have added to the ire directed towards Fed Chair Jerome Powell.
The Federal Reserve continued work on its comprehensive effort to rewrite bank rules with a daylong conference at its headquarters on Tuesday.
The Federal Reserve’s independence from political interference, viewed as sacrosanct inside the central bank, is under siege.
Criminalizing a spat over interest rates is an Argentina-level mistake.
Powell is delivering opening remarks just hours after it was revealed Rep. Anna Paulina Luna referred him to the Justice Department on charges of perjury.
Trump wants to replace Jerome Powell with a Fed chair who will do what he wants. But that still may not produce the steep cuts Wall Street is counting on.
The Federal Reserve on Monday added footage of a video tour of the two historic buildings it is renovating at its Washington headquarters campus amid criticism from the White House over cost overruns for the project.