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The Independent UK
The Independent UK
National
Christopher Rugaber and Josh Boak

How Trump could use a building renovation to oust Fed Chair Powell

President Donald Trump may have found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell: by accusing him of mismanaging the U.S. central bank’s $2.5 billion building renovation project.

The push comes after a monthslong campaign by Trump to try to rid himself of the politically independent central banker, who has resisted the Republican president's calls to slash interest rates out of concerns about the administration's tariffs sparking higher levels of inflation.

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