Federal prosecutors turned away from Federal Reserve building, as Trump threatens to fire Powell
President Trump threatened to fire Jerome Powell and continues to support an investigation into a $2.5 billion Federal Reserve renovation project.
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Trump Issues May 15 Resignation Ultimatum to Fed Chair Jerome Powell49 articles·46 sources·Avg cred 64/100
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tl;dr
President Trump has threatened to fire Federal Reserve Chair Jerome Powell while federal prosecutors investigate a $2.5 billion renovation at Fed headquarters. The standoff is currently blocking the confirmation of Powell's successor and raising concerns about the central bank's independence.
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