Ned Runun, CEO of American Magority Company, discussed the possible dismissal of Fed Chair Zerome Powell and President Donald Trump’s economic plans on ‘The Bottom Line’.
White House Deputy Chief of Staff will visit James Blair Federal Reserve Headquarters on Thursday to inspect the Central Bank’s renewal project.
The revelation announced in a post on X comes as President Donald Trump Federal Reserve Chairman Jerome Powell for rising renewal costs.
Photos: Fed $ 2.5B renewal President Trump and Team
The project to update the office buildings in the two main Washington, DC, Fogi Bottom neighborhood of Fed is slaughtered for a cost of $ 2.5 billion. Fed, not taxpayers, are funding renewal.
Marinner S. in Washington on 14 July 2025. Construction on Excel Federal Reserve Building. (Al Drago / Bloomberg Getty Image / Getty Image)
Powell has told the first MPs that the increase of more than the cost is due to unexpected construction challenges and inflation rate of the country.
“There is no new marble,” Powell told members of the Senate Banking Committee in June. “There is no special lift. They are old lifts that are there. There are no new water features. There is no bee and no roof roof.”
Earlier in July, office office and budget director Russell Wout A letter sent to Powell Calling the building makeover “a fiery overhaul”.
Powell firing back in his letter.
Marriner S. Eccles Federal Reserve Building Washington under construction, 14 July, 2025. (Al Drago / Bloomberg Getty Image / Getty Image)
He said that both buildings need “significant structural repair and other updates,” the removal of asbestos and some electricity, plumbing, ventilation, fire detection and replacement of replacement systems.
The tension between Powell and Trump has largely deteriorated and widely deteriorated by the central bank’s interest rate. Monetary policiesTrump has directed Fed to cut rates, which says he can save the nation “hundreds of billions of dollars”.
A look at the unfolding battle between Trump and Powell on Fed Policy
Pavel has placed a vigilant approach to reduce the economic impact of Trump’s tariff, keeping a major lending rate of the Central Bank within the range of 4.25% to 4.5%.
Trump recently told reporters at the White House that Powell was doing a “substandard work” and said that “so many people” had called to beg for the role on the top of the Central Bank of America.
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The President also said that he would not fire Powell before the end of his term in next May, but he said that he would “do nothing.”
