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flag President Trump considers removing Fed Chair Powell over a $2.5 billion renovation cost overrun.

flag President Trump is considering using the $2.5 billion renovation project at the Federal Reserve as a reason to remove Federal Reserve Chair Jerome Powell, accusing him of mismanaging the project. flag The renovations, aimed at updating electrical, plumbing, and HVAC systems, have faced criticism for cost overruns, rising to $1.9 billion. flag If Trump removes Powell, it could undermine the Fed's independence, potentially causing higher inflation and interest rates.

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