White House seeks inspection of Fed building as Trump piles pressure on Powell
by Lauren Aratani in New York from World news | The Guardian on (#6YQD8)
US president has suggested the central bank mismanaged funds for renovations at the Federal Reserve headquarters
The White House is pushing for an inspection of the US Federal Reserve headquarters in Washington after Donald Trump suggested the central bank had mismanaged funds for building renovations.
The scrutiny comes as Trump has unsuccessfully tried to pressure the Fed chair, Jerome Powell, to quit and demanded he and other officials lower interest rates. Powell has said that lowering rates prematurely could lead to higher inflation, and that Trump's tariffs had contributed to price increases.
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