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Home World Australia

Trump to check out Federal Reserve’s pricey renovations

24 July 2025
in Australia
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Trump to check out Federal Reserve’s pricey renovations
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President Donald Trump is set to visit the Federal Reserve amid rising scrutiny over its costly building renovations, a move reflecting his ongoing pressure on the central bank to reduce interest rates. Trump’s public criticism of Fed Chairman Jerome Powell has raised concerns about the independence of the Fed, with some officials in his administration defending Powell’s decision-making despite Trump’s calls for his resignation.

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