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flag White House pressures Fed Chairman Powell over HQ renovation costs, risking the bank's independence.

flag 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. flag 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. flag This move could compromise the Fed's independence, a key factor in the U.S. economy.

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