During his escalation on his ongoing attacks against Jerome Powell, President of the United States Donald Trump 13.
“I hope it will end,” Donald Trump told reporters on an asphalt at the Andrews common base in Maryland, adding, “He should stop because he was very bad for this country.”
Donald Trump has repeatedly said that Powell should resign because he did not reduce interest rates.
White House to shoot Jerome Powell?
This comes even though in an interview with ABC News on July 13, the White House’s economic advisor Kevin Hassett said that Donald Trump has the power to fire Jerome Powell “If there is a reason.”
He added that the chief of the Fed “has something to answer” to exceed the renovation cost at Washington USA headquarters.
Hassett told ABC this week that any decision to shoot Jerome Powell about what Trump’s administration claims is to exceed $ 700 million “” will depend a lot on the answers we get to the questions that Russ Vough has sent to the Fed “.
Last week, Russell Vought, who is the director of the White House budget, criticized Powell for the “spectacular reworking” of the Fed buildings and answers to a number of questions.
Powell stopped via a $ 2.5 billion scandal?
According to Powell reports, he reportedly thought about resignation after a difficult criticism of a super expensive reconstruction of $ 2.5 billion in Washington Fed. The cost of the project was left from $ 1.9 billion to $ 2.5 billion, with critics as Senator Tim Scott called it “Versailles Palace” -styl waste.
Bill Pulte, the highest official Trump Administration, said July 11 that he heard the “news” that Powell could leave before his term of office ended in May 2026.
Powell claims that media news about luxury features such as VIP canteens and marbles are “misleading”, but planning documents from 2021 show that they were originally approved. And July 11 accused Vought Powell of “gross bad management” and perhaps lied to the Congress of Renovation.
Can Trump Fire Powell? Legal battle states
While Donald Trump wants Powell to leave, burning is not easy. Fed chairs can only be removed “because of”, such as misconduct and courts protected their independence. And some experts think that the renovation probe is just an apology that Powell will climb over the disagreements of politics.
If Powell resigns, the highest compensation includes economic advisor Trump Kevin Hassett or Finance Minister Scott Bessnt, according to reports on the best applicants.
For the time being, Powell insists that it will serve the whole period, but the initiates say that the attacks are “tired”. With the next Fed meeting on 30 – 31.
(With Reuters inputs, agencies)
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