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White House escalates pressure campaign on Federal Reserve by targeting its headquarters renovation

Associated Press

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Federal Reserve Chairman Jerome Powell listens during an open meeting of the Board of Governors at the Federal Reserve on Wednesday, June 25, 2025, in Washington. (AP Photo/Mark Schiefelbein)
Office of Management and Budget Director Russell Vought walks at the White House, Monday, July 7, 2025, in Washington. (AP Photo/Alex Brandon)

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Federal Reserve Chairman Jerome Powell listens during an open meeting of the Board of Governors at the Federal Reserve on Wednesday, June 25, 2025, in Washington. (AP Photo/Mark Schiefelbein)