On July 17, Trump: Discussed the "concept of firing (Federal Reserve Chairman Powell)" with Republicans, unless there is fraud in the Federal Reserve renovation process, the federal government's renovation project may involve fraudulent activities. Republican officials are pushing to fire Powell, and my stance is more conservative. (Jinshi)
BlockBeats Note: The renovation budget for the Federal Reserve headquarters has surged from $1.5 billion to $2.5-2.6 billion, far exceeding expectations, and rumors of luxurious facilities such as a rooftop garden and private elevators have raised public and political suspicions of extravagance. Trump and others have seized the opportunity to criticize Federal Reserve Chairman Powell and question his transparency. The Federal Reserve responded that the overspending was due to rising material costs and unexpected issues, with funds coming from its own income rather than taxpayers, but the controversy remains unresolved and may affect its reputation and independence. The market speculates that Trump may use this as an opportunity to make a big issue of firing Powell.
