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White House pressures Fed Chairman Powell over HQ renovation costs, risking the bank's independence.
The White House is increasing pressure on Federal Reserve Chairman Jerome Powell over the expensive renovation of its headquarters, claiming it violates government building rules.
President Trump's budget adviser Russ Vought sent Powell a critical letter, part of Trump's broader campaign to influence the Fed's interest rates.
This move could compromise the Fed's independence, a key factor in the U.S. economy.
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La Casa Blanca presiona al presidente de la Fed Powell por los costos de renovación de la sede, arriesgando la independencia del banco.