Trump Calls on Powell to Resign Over Fed Renovation Overruns
Jerome Powell’s management of the Federal Reserve’s headquarters renovation drew a fresh attack from Trump, who called the project a costly failure and urged him to resign. The posts also escalated pressure on the Fed chairman by tying the building controversy to interest-rate policy and suggesting legal scrutiny. Trump also used the thread to cast the renovation as a symbol of waste and incompetence at an institution he has long criticized.
Powell Criticism Over Fed Renovation
FederalReserveTrump seized on an Inspector General report about the Federal Reserve headquarters renovation to argue that Jerome Powell has mismanaged the project and should step down. He said the building is far over budget, described the work as inferior, and linked the episode to his broader criticism of Powell’s interest-rate decisions.
This post is significant because it turns a technical oversight report into a political weapon against the Fed chair, reinforcing Trump’s longstanding effort to portray Powell as both incompetent and politically misaligned. By folding construction delays and cost overruns into a critique of monetary policy, Trump is trying to broaden the case against Powell from bureaucratic mismanagement to a claim of overall unfitness for office. The reference to Attorney General Todd Blanche also signals a willingness to push beyond rhetorical attacks toward possible government action, which raises the stakes of Trump’s pressure campaign on an institution meant to operate independently.
“Too Late” Powell should be forced to resign from the Board.
He can’t manage a Building, and he certainly shouldn’t be allowed to manage his High Interest Rate Policy