President Donald Trump renews calls for former Federal Reserve Chair Jerome Powell to resign from the Fed’s board, saying Powell should be forced out. The comments follow a watchdog report that finds shortcomings in how the Federal Reserve manages a renovation of its Washington headquarters, contributing to surging costs.
Multiple outlets report that the Federal Reserve’s inspector general clears Powell of criminal wrongdoing. The watchdog does not support a criminal referral, but it faults project oversight and points to missteps in project management. Bloomberg characterizes Trump’s demand as pressuring Powell to step down in connection with the renovation issues. Forbes and France 24 also link Trump’s renewed comments to the inspector general’s findings, including the scale of the cost overrun.
While the sources agree on the watchdog’s conclusion and Trump’s response, they differ mainly in emphasis: Bloomberg highlights Trump’s demand for a forced resignation tied to the renovation, whereas Forbes and France 24 focus more on the inspector general’s lack of criminal findings and the identified failures in oversight.
