Markets.News
On Thursday, the pressure from President Trump on Federal Reserve Chair Jerome Powell is set to increase as administration officials plan to visit the central bank headquarters. This visit is part of an investigation into the rising costs of the renovation project, which has been escalating significantly. The probe aims to examine the mounting expenses associated with the renovation, highlighting the growing concern over the financial implications of the project. President Trump's heightened scrutiny on Powell and the Federal Reserve underscores the ongoing tensions between the administration and the central bank. This move signifies a deepening of the conflict, as the administration delves into the details of the renovation costs, which have surged to notable figures.