Trump to visit Federal Reserve amid scrutiny of renovations
Share this @internewscast.com

President Trump is planning a visit to the Federal Reserve’s headquarters on Thursday, aligning with other government officials who have called for a tour due to the ongoing oversight of the central bank’s renovation projects.

According to the public agenda provided by the White House, Trump is expected to arrive at the Fed at 4 p.m. on Thursday, with the visit anticipated to last around an hour.

Senior members of the White House have focused on the $2.5 billion renovation of the Federal Reserve’s Washington D.C. offices, linking it to broader criticisms of Chairman Jerome Powell.

Trump has for months berated Powell, whom he first appointed to the position in 2017, for not lowering interest rates. But the criticism has expanded in recent weeks.

White House deputy chief of staff James Blair and White House budget chief Russ Vought have led the charge in focusing on the renovations, and the president last week suggested the cost overruns could be a fireable offense for Powell. He has since backed off and indicated he does not intend to fire the chairman before his term expires next May.

Powell has asked the inspector general of the central bank to review the renovations, and the Fed has posted an explainer to its website detailing why the project has faced increased costs.

Share this @internewscast.com
You May Also Like

High School Showdown: District 1-4A Semi-Finals Recap on Friday Night

High school basketball tournament season is in full swing, and excitement is…

Trump Accelerates U.S. Nuclear Power Expansion: Military Airlifts Advanced Reactor for Rapid Deployment

HILL AIR FORCE BASE, Utah – In an unprecedented move, the Pentagon,…

Utah Supreme Court Upholds Congressional Map, Dismisses Appeal for Redistricting Change

SALT LAKE CITY – In a significant decision, Utah’s Supreme Court dismissed…

Netflix Unveils Exclusive Interview with Eric Dane Following His ALS Battle

Eric Dane, the acclaimed actor known for his roles in “Grey’s Anatomy”…

Blountville Bust: Major Regional Drug Supplier Arrested by U.S. Marshals

BLOUNTVILLE, Tenn. (WJHL) — Authorities have apprehended a man in Blountville who…

SWAT Operation Uncovers Significant Discoveries in DeBary and Sanford, Video Reveals

In Volusia County, Florida, an early morning operation on Thursday led to…

Comprehensive Roster: Candidates Submit Petitions for Washington County, TN Elections

In Jonesborough, Tennessee, a pivotal moment arrived as prospective candidates faced the…

ETSU Board of Trustees Deliberates on Residency Expenses and Enrollment Trends

JOHNSON CITY, Tenn. (WJHL) – East Tennessee State University’s Board of Trustees…

US Embassy Reopening in Syria: A Historic Move After 14 Years

WASHINGTON – The Trump administration has notified Congress about its plans to…

Trump’s Focus on Tariffs Marks His Presidency; Potential Turbulence Ahead

WASHINGTON – In a significant move, the Supreme Court on Friday issued…