A top official of the Trump administration accused Federal Reserve President Jerome Powell that on Thursday may be “violating law”, which “can violate the law”, which “can violate the law”, tangles with him at a new widely interest rates as President Trump against the central bank chief.
“President’s Federal Reserve System is extremely upset with your management,” Office Management and Budget Chairman Russell Wout Written in a letter on Thursday,
This letter came after months of criticism of Mr. Trump on the decision of Fed. Not to reduce interest ratesEconomists say that economic growth may increase due to low rates, but the risk of promoting inflation also increases. This has led the Fede’s interest rate-setting committee-which after the back of Powell chairs-last year to keep the rates stable this year.
Mr. Trump has called for Powell to resign from his post, and last month, President Is called Powell A “Sunnscul” on the decisions of his interest rate and said “maybe” he will try to set Powell on fire – although federal law State america The fed chair can only be removed “for the reason”,
Which usually refers to firing due to specific misconduct or performance issues. In the past, Mr. Trump said that he does not try to set Powell on fire, whose term ends next year as a Fed Chair.
A letter to Powell and Central Bank on its year -long office renewal project in Washington said, “The letter said Scheme of The project is said to “roof roof gardens, VIP private dining room and lift, water facilities, premium marble, and more.” Watt also asked if Fed has made changes Scheme of Without demanding approval from a government commission overseeing the DC-region federal building projects.
CBS News has reached the Federal Reserve for comments.
Last month, in Senate testimony, Powell called some details of the renewal project “misleading and wrong”. He told the MPs that there is no new marble apart from what is necessary to change the broken old marble, and said that “special lifts,” are not new water features or roof gardens.
“All types of inflammatory things that have been made, are either not in the current plan or are just wrong,” Powell said.
The V bught’s letter argued that the Senate comments “it suggests that the project is out of compliance with the approved scheme,” Fed suggesting that DC-sector projects may require law to be approved by the National Capital Planning Commission. In a post on X, the management and budget office allegedly “slipped and revealed that he could violate the law.” Many years ago the renovation schemes of the Fed were reviewed by the Commission.
The Fed usually works with much more freedom than most other government institutions. federal law Fed the power To serve as your office places to achieve and re -prepare buildings in Washington.
Is fed Was accepted earlier In budget reports that its office renewed the price tag jumped due to “significant increase in the cost of raw materials”.
Last week, Bill Pulte, Federal Housing Finance Agency’s Trump-Namikar Head, Accused also Powells of the “misleading” testimony to the Senate about the office project.
When asked about the allegation in a cabinet meeting on Tuesday, Mr. Trump said: “Then he should resign immediately. We should get someone who is going to reduce the interest rates.”
