U.S. Treasury Secretary Scott Bessent breaks down President Donald Trump’s commerce offers, Federal Reserve chair Jerome Powell and extra on ‘The Ingraham Angle.’
President Donald Trump will go to the Federal Reserve headquarters in Washington, D.C. on Thursday amid his ongoing feud with Fed chair Jerome Powell.
Trump is becoming a member of a gaggle of administration officers touring the headquarters after it underwent $2.5 billion in renovations. The president for weeks has known as on Powell to decrease rates of interest, however the official has not budged.
Some administration officers have argued that the large renovations had been a waste of taxpayer {dollars} and will even quantity to a fireable offense for Powell.
In the meantime, Treasury Secretary Scott Bessent has famous that Powell’s time period will finish in Could 2026, downplaying the necessity to hearth him outright.
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President Donald Trump has repeatedly threatened to fireplace fed chair Jerome Powell. ( Anna Moneymaker/Getty Photos / Getty Photos)
Rep. Anna Paulina Luna, R-Fla., a serious Trump ally in Congress, referred Powell to the Division of Justice (DOJ) for legal prices on Monday, accusing him of two particular situations of perjury referring to the renovations.
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“On June 25, 2025, Chairman Powell offered testimony underneath oath earlier than the U.S. Senate Committee on Banking, Housing, and City Affairs relating to the renovation of the Federal Reserve’s Eccles Constructing. In his statements, he made a number of materially false claims,” Luna’s mentioned in a letter to the DOJ.
Federal Reserve Board Chairman Jerome Powell is about to go away workplace in Could 2026. (Win McNamee/Getty Photos) / Getty Photos)
Particularly, she accused him of mendacity about lavish facilities on the Federal Reserve’s Eccles Constructing and misrepresenting its state of upkeep.
Commerce outlet Mortgage Skilled reported that Powell denied all accusations of perjury and has directed a proper watchdog probe into renovation undertaking prices of the Eccles Constructing.
The Federal Reserve’s web site additionally now features a video tour of the renovation and notes on its proposed plans.
Rep. Anna Paulina Luna (R-FL) referred Powell to the DOJ for legal investigation this week. (Anna Moneymaker/Getty Photos / Getty Photos)
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Whereas Trump has maintained a gradual barrage of assaults on Powell for not dropping rates of interest, he nonetheless instructed reporters this week that it was “extremely unlikely” he would hearth him.
Extra average Republicans and supporters of Powell’s have argued that firing him would create much more market instability.
Fox Information’ Elizabeth Elkind contributed to this report