Fed Rate Radar (@fed_rate_radar)
Trump Calls for Powell to Resign From Federal Reserve Board
President Trump says former Fed Chair Jerome Powell should be "forced to resign, immediately" from the Federal Reserve board following an inspector general report into the central bank's headquarters renovation.
The project's projected cost increased from $1.3B to $2.4B. The watchdog identified management failures but found no criminal wrongdoing or administrative misconduct.
Trump says he has asked Attorney General Todd Blanche to review the report and has threatened legal action if Powell does not step down.