Trump, Jerome Powell and Federal Reserve
Digest more
As the director of the Federal Housing Finance Agency, Bill Pulte oversees the system that helps keep the U.S. mortgage market liquid.
‘No VIP dining, no rooftop garden…’: Powell defends $2.5 billion Fed renovation amid Trump criticism
Russell Vought, Director of the White House Office of Management and Budget, had accused Powell of “gross mismanagement” and suggested the renovation included luxurious features such as VIP dining rooms,
Federal Reserve Chair Jerome Powell in a Thursday letter countered criticisms leveled at the central bank by a top White House official over a $2.5 billion renovation project.
President Donald Trump said Wednesday it’s “highly unlikely” that he’ll fire Federal Reserve Chair Jerome Powell after signaling otherwise a day earlier in a private meeting with lawmakers.
The president floated the idea of firing the Fed chief to lawmakers, then said such a move was "very unlikely."