Fed, Trump and rates
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The yearslong project to overhaul the U.S. central bank’s headquarters in Washington, D.C., has run into multiple hurdles, including higher-than-expected groundwater at the site.
Washington Attorney General Brown secured a temporary halt against federal restrictions on public benefits, buying time until September 3 for those relying on state services.
1don MSN
Trump and Powell bicker over Fed building renovations as president ratchets up pressure campaign
After months of criticizing Federal Reserve Chair Jerome Powell, President Donald Trump took the fight to the Fed’s front door on Thursday, publicly scorning the central bank chief over the ballooning costs of a long-planned building project.
The U.S. DOGE Service is using a new AI tool to eliminate federal regulations, aiming to cut 50 percent of rules by the first anniversary of President Donald Trump’s inauguration.
A sprawling $2.5 billion project to renovate the central bank’s headquarters in Washington has become the focal point of attacks from the Trump administration.
2don MSN
Trading a suit for boots and a hard hat: Behind the scenes at the Federal Reserve, mid-renovation
On Thursday, staff at the Federal Reserve led a small group of journalists, photographers and television cameras on an extensive tour of the large, active construction site that comprises two 1930s-era buildings.
Trump’s executive order addresses homelessness by redirecting federal funds to substance abuse treatment, enforcing bans on open drug use and camping on public property.
Washington's AG Nick Brown is suing the DHS for unlawfully canceling $4 million in funds meant for state migrant shelters, claiming it violates congressional authority.
As the president toured the central bank’s Washington headquarters, he slapped its chief, Jay Powell, on the back and said: “I would love it if he lowered interest rates.” Powell’s awkward laugh in the moments that followed underscores how Trump is publicly challenging the Fed in a way never seen in the history of the central bank.