Bitcoin price today: surges to $122k, near record high on US regulatory cheer
Investing.com -- U.S. Senator Elizabeth Warren stated on Wednesday that President Donald Trump’s concern about renovations at the Federal Reserve’s headquarters is a "clear pretext" to remove chairman Jerome Powell from his position.
The White House recently escalated its criticism of the Federal Reserve’s management when Russell Vought, director of the Office of Management and Budget, sent a letter to Powell last week. In the letter, Vought indicated that Trump was "extremely troubled" by cost overruns related to the $2.5 billion renovation project at the Fed’s historic Washington headquarters.
Warren, who serves as the ranking Democrat on the Senate Banking Committee which has oversight responsibility for the Federal Reserve, responded to the situation in a post on X.
"Nobody is fooled by President Trump and Republicans’ sudden interest in building renovations — it’s clear pretext to fire Fed Chair Powell," Warren wrote.
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