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✉news BusinessBanking first seen 9 h ago, last 22 min ago, peak #12

Trump adviser Hassett urges Powell to leave Fed board

Original: Trump adviser Hassett urges Powell to leave Fed board after renovation report

Kevin Hassett, a senior adviser to Donald Trump, has called on Federal Reserve Chair Jerome Powell to step down from the Fed's board of governors, citing a report into the central bank's headquarters renovation. The renovation project has drawn repeated criticism from Trump allies over its cost, adding to ongoing friction between the White House and the Fed over interest rate policy.

Why now: Renewed White House pressure on Powell amid criticism of the Fed's costly headquarters renovation

Kevin HassettJerome PowellDonald TrumpFederal Reserve

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