Fed, Trump and Jerome Powell
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HUD Secretary Scott Turner criticizes Fed Chair Jerome Powell for spending billions on renovations while Americans struggle with high mortgage rates amid a housing crisis.
High-profile criticism of some $700 million in cost overruns is said to be an effort to pressure Jerome Powell to quit.
U.S. Treasury Secretary Scott Bessent suggests an institutional review of the Federal Reserve amid President Trump's criticisms of Chair Jerome Powell over issues such as interest-rate decisions and budget overruns on a renovation.
As the director of the Federal Housing Finance Agency, Bill Pulte oversees the system that helps keep the U.S. mortgage market liquid.
Trump wants to replace Jerome Powell with a Fed chair who will do what he wants. But that still may not produce the steep cuts Wall Street is counting on.