A $2.5 billion renovation of the Federal Reserve's Washington, D.C. headquarters has become the latest flashpoint in escalating tensions between the Trump administration and Fed Chair Jerome Powell.
Republican lawmakers, led by Rep. Anna Paulina Luna, have referred Powell to the Department of Justice for potential perjury charges, alleging mismanagement and misleading Congress about the project's costs. The White House has seized on cost overruns and the project's scale as grounds to pressure or potentially oust Powell, who has defended the renovation as necessary modernization. In response, Powell has requested an inspector general review of the renovation's expenses and compliance.
The controversy highlights deepening political interference in the central bank's operations and growing scrutiny of its leadership.
.Here are the top political news stories for today.
Be the first to reply to this general discussion.
Join in on more popular conversations.
