Trump officials have also claimed Powell has mismanaged the Fed and point to renovations of the central bank’s headquarters, with National Economic Council Director Kevin Hassett even indicating that Powell’s job could be at stake. When asked by ABC News if the renovation could be used as a reason to fire Powell, Hassett said, “I think that whether the president decides to push down that road or not is going to depend a lot on the answers that we get to the questions that Russ Vought sent to the Fed.” The consumer price index will come out on Tuesday and the producer price index is due on Wednesday, offering fresh clues as to how much tariffs are impacting inflation.
Author: Jason Ma
Published at: 2025-07-13 22:25:59
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