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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Jerome Powell 'Fatigued' and Facing Resignation Rumours Over Controversial $2.5B Fed Palace Overhaul

Some sources believe Powell isn't going anywhere. (Credit: AFP News)

US Federal Reserve chair Jerome Powell is mulling resignation as pressure mounts for scrutiny into whether he was truthful to Congress about the Fed's 'Palace of Versailles' renovation to its headquarters in Washington, DC, a senior government official told The New York Post last week.

Another senior Trump Administration official told the media outlet that 'high-level, credible sources' inside the government are of the view that Powell is deciding if he should resign from his job.

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