US President Trump Calls for Jerome Powell's Resignation
Donald Trump stated that Jerome Powell should step down from his post due to budget overruns in the Federal Reserve building renovation project.
US President Donald Trump demanded that former Chairman Jerome Powell be forced to resign from his position on the Board of Governors due to cost overruns in the central bank building renovation project.
Renovation Project and Report
An official report prepared by the Office of Inspector General addressing the renovation process of the Fed buildings was made public. This report revealed significant shortcomings in project management.
Cost Overrun and Reactions
Stating that the budget for the renovation project was exceeded at a record pace, Donald Trump argued that the building's cost could exceed four billion dollars by completion.
Department of Justice Directive
US President Trump announced to the public that he had given an official directive to Attorney General Todd Blanche to examine the prepared report in detail.