HUD chief Turner blasts Powell for Fed renovations amid housing crisis

Housing and Urban Development Secretary Scott Turner exploded a housing crisis to spend bilones to rebuild the headquarters of Fed to Federal Reserve Chairman Jerome Powell, stating that Powell was helping.

The headquarters of the Federal Reserve is undergoing a major renovation, which has been prone to cost overran and is now priced at $ 2.5 billion. Meanwhile, the Trump administration blames Powell for not cutting interest rates, even appears to be under control with inflation.

“It is rich that an undeclared bureaucrats like Powell are ruining billions of dollars of taxpayers, while American struggles to buy a house due to high mortgage rates, directly affected by refusing interest rates,” Turner told Fox News Digital.

HUD became the first cabinet agency to announce a step out of DC with Turner’s reporting in June, in which the department was already going to Alexandria, Virginia near the current National Science Foundation (NSF). The Turner said the step would free millions of people in the taxpayer fund, which had been spent on a large scale, long -standing HUD headquarters at DC’s L ‘Enfant Plaza, including “health hazards, leaks and structural and maintenance failures” for employees.

“Hud’s trick is not about me – our workforce is eligible to be in a building that is safe and it fits our workforce. NSF was never able to fully fill its building for occupancy and will transfer to a building that best fits its workforce. Instead of spending about half a billion dollars instead. Ivory Tower is up. Putting Americans first, “the turner continued.

HUD becomes the first major cabinet agency to get out of DC, “” “and Joe Dogi wants to sell

There is speculation that President Donald Trump Fed may officially try to end the chief before his tenure in May 2026, as federal money may reduce the cost of borrowing for Americans, which will reduce the cost of borrowing for Americans. In June, Fed organized its benchmark interest rate limit between 4.25%-4.5%, in which Trump has argued for US economic development.

Fed, which determines monetary policies and oversees banks, stated that decisions on interest rates are inherent in its data-dependent approach to manage inflation and economic development. It acts independently, which means that approval from the President or Congress does not require approval when implementing policies.

Trump has increased his criticism of Powell in recent weeks, arguing that he should have already reduced interest rates, while he is called “Sunnaskul” with surname “Mr. to Late” surname “Mr. to Late”. At a recent NATO summit in Canada, Trump said during a press conference that Powell is “terrible” and a “very average is mentally mentally”, which “has a low IQ for” what he does. “

‘For sale’: Dog proceeds to sell about half a billion in Federal Real Estate, shifting the Cabinet Agency Headquarters

Trump said that recently, Fed Headquarters, Marinner S. Over-Budget Renovation in Excel Building, “Sort” is a “fireable offense.”

Trump told reporters last week, “I think he is terrible. I think he is tough. But one thing I did not see in it is a person who needed a palace to live.”

“You talk to that boy. It’s like talking – nothing. It’s like talking to a chair. No personality, no high intelligence, nothing. But one thing that I would never have guessed would spend $ 2.5 billion to create a little expansion.”

HUD Secretary Scott Turner won the agency during the first 100 days, shared priorities for the next 100

Democrat MPs have slammed Trump’s attacks on Pavel on the update of the Fed Building, including Massachusetts Sen. Elizabeth Warren swip a swipe in the turner to move the Hud to Virginia.

Warren said during a speech earlier this month, “If Trump was serious about reducing interest rates, he would curb his chaotic tariff,” Warren said during a speech earlier this month. Akkunk Club in DC “Instead, he is threatening to set the President of the Federal Reserve on fire. When his initial attempt to threaten Powell failed, Trump and Republican suddenly decided to see how much Fed had spent on the construction of renewal.”

Trump must resume Hud Headquarters to drain the DC marshes

HUD to Robert C. Going out of the weaver building is expected to save $ 22 million per year at the cost of operations and maintenance, while the government is expected to pull into a heavy amount when the building is officially sold due to its prominent place in the country’s capital.

The NSF is estimated to cost the government’s new house to cost the government cost $ 35 per square feet, which has learned Fox Digital, including operation and maintenance, compared to $ 86 per sq ft in Weaver Building.

HUD reported that the federal government had spent $ 90 million on repair for a large -scale weavers in the last 15 years, but the building has deteriorated well beyond the point of cost -effective repair, created significant financial obligations for the federal government.

A ‘Spirit Halloween’ stores under HUD Office Biden became vacant: Administrator Source

On Sunday morning, the Federal Reserve rejected the comment on being asked about this Turner’s comment To digital Fox.

The Fed’s website includes frequently asked questions about the renewal of the building, which takes the responsibility of being a good steward of public resources, “and is subject to a handful of security measures to ensure transparency.

“The Federal Reserve Chair testifies to each House of Congress twice every year on monetary policy. During two sequential days of the hearing, members of the House and Senate have an opportunity to question the Fed Chair on any subject, and then presents questions in writing after hearing. As part of these hearing, the Federal Reserve publishes a semi -monogamic monotony policy.

Trump, who appointed Powell during his first presidential post, has been meanwhile Powell on social media, which he said he said he said he was “choking” the housing market for Americans.

Trump wrote on Satya Social Friday, “It’s too late,” and Fed, taking out the Housing Market with its high rate, it has made it difficult for the people to buy, especially young, a house. “Sleep Joe saw how bad he was and appointed him again anyway.”

Click here to get Fox News app

“The USA is Rockin, very low inflation, and we are worth it at 1%, saving a trillion dollar in a year on interest cost. I can’t tell you how late it is too late – so bad for our country!”

Eric Rewell and Amanda McAius of Fox News Digital contributed to this report.