Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business

What To Know About Trump's Effort To Oust Fed Chair Powell

US President Donald Trump for months has lashed out at the Fed for holding interest rates steady (Credit: AFP)

US President Donald Trump this week escalated attacks on central bank chair Jerome Powell, suggesting he could be dismissed for "fraud" over his handling of a renovation project at the Federal Reserve's headquarters.

The US leader's focus on the Fed's $2.5 billion renovation project comes after months of growing criticism targeting the independent central bank chief -- as the bank held interest rates steady despite Trump's insistence that it should slash them.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.