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Trump pushes Powell on rates and renovation costs during Fed visit
NBC News· 2025-07-24 21:00
It looks like it's about 3.1% billion. Went up a little bit or a lot. Uh so the 2.7% is now 3.1%.>> I'm not aware of that. >> Yeah, it just came out. >> Yeah, I haven't heard that from anybody.>> It just came out. >> Our 3.1% 3.1% 3.2%. >> This came from us.>> Yes. I don't know who does that. You're including the Martin renovation.You just added an >> entire capital. >> You just you just added in a third building is what that is. That's a third building. >> It's a building that's being built. >> No, it's be ...
Trump vs Powell: What happens if Trump fires the Fed Chair?
Bloomberg Television· 2025-07-24 19:20
What would happen if Trump decided to fire the Fed chair Jerome Powell. Yesterday's media circus really ignited a lot of questions on just the technicalities of removing the current Fed chair. One of the big questions would be whether Jerome Powell would actually take the dismissal serious or would he try to show up to work the next day only to find Trump preventing him from entering the office.If he does decide to stay at home, who takes his place. Would it be vice chair uh Jefferson stepping in or would w ...
LIVE: President Trump visits the Federal Reserve — 7/24/2025
CNBC Television· 2025-07-24 18:50
President Donald Trump visits the Federal Reserve on Thursday. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC N ...
President Trump set to visit the Federal Reserve
CNBC Television· 2025-07-24 18:35
Federal Reserve & Political Pressure - The President is visiting the Federal Reserve construction site, likely at 4:00 PM Eastern Time, due to anger over cost overruns [1][2] - The President intends to use the cost overruns at the Federal Reserve headquarters to put political pressure on Chairman J Pal regarding interest rates [6] - The President aims to visually portray the Fed's mismanagement to the public, potentially resonating more than the complexities of the Fed's operations [6] Federal Reserve Headquarters Renovation - The Federal Reserve is undertaking a near-total renovation of its headquarters, including the Eckles building and 1951 Constitution Avenue [3] - Cost overruns are attributed to the historic nature of the buildings, requiring consultation with the National Capital Planning Commission to maintain historical context [3][4] - Renovations include high-tech and low-tech security features, such as blast-resistant glass and construction designed for progressive collapse in case of an explosion [4] - Upgrades are being implemented to meet modern codes, including the Americans with Disabilities Act and environmentally friendly standards [5] - The existing elevator has only been moved by approximately 18 inches (approximately 1.5 feet), despite cost overruns [6]
X @Bloomberg
Bloomberg· 2025-07-24 18:06
Fed staff led reporters on a tour of the $2.5 billion renovation of the central bank’s headquarters, hours before Trump is set to visit the project he has slammed as wasteful and extravagant https://t.co/Zs65Gg7kCt ...
X @The Wall Street Journal
President Trump will visit the Federal Reserve on Thursday, joining a previously arranged tour of the construction site where the central bank is renovating its headquarters https://t.co/HQzPOiC86P ...
X @CoinDesk
CoinDesk· 2025-07-24 13:56
🚨 NEW: Trump is visiting the Federal Reserve today.Will this have an impact on the Fed's decision on interest rates next week? https://t.co/2FG13Xz5kW ...
Speaker Johnson Is 'Disenchanted' With Fed Chair Powell
Bloomberg Television· 2025-07-23 15:25
I AM NOT GOING TO NAME NAMES, BUT IF THERE ARE GOOD CANDIDATES COME AS I SAID COME ON THE BOARD, THERE ARE SEVERAL FEMALE REGIONAL BANK PRESIDENT AND THEN THERE ARE SOME FANTASTIC WOMEN OUTSIDE THE FED. SONALI: TREASURY SECRETARY SCOTT BESSENT SPEAKING EARLIER ON BLOOMBERG SAYING THERE ARE A LOT OF STRONG CANDIDATES I COULD SUCCEED FED CHAIR JEROME POWELL. NO RUSH TO IDENTIFY A SUCCESSOR COME ALTHOUGH WE KNOW THERE IS THE ON THE CALENDAR.HOUSE SPEAKER MIKE JOHNSON IS WEIGHING IN ON POWELL'S FUTURE AND IN AN ...
X @Bloomberg
Bloomberg· 2025-07-23 14:34
House Speaker Mike Johnson said he is “disenchanted” with Jerome Powell, as President Donald Trump attacks the Federal Reserve chairman over frustrations with high interest rates https://t.co/pc3Xpassi3 ...
'Not going to fire him': Secy. Besent shrugs off Trump's Powell attacks
MSNBC· 2025-07-23 13:55
President Trump has made uh uh no secret of his dislike uh for Fed Chair Jerome Powell. Disagrees with a lot of decisions he has made. Uh you though have said you believe the Fed chair should remain in his post despite the president saying that he'd prefer him to be ousted. Um should the president just simply say I'm going to let the Fed chair finish his term.Wouldn't that supply a degree of comfort and stability to the markets that seem to rattle every time the president suggests that Pal should be go. Wel ...