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.
Nationwide, the Trump administration froze billions in funding for education. Washington stood to lose about 15.6% of the state's federal K-12 funding.
1don MSN
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.
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.
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.
As president, Donald Trump doesn't get a lot of pushback, but he got some Thursday from Federal Reserve Chairman Jerome Powell about the renovation costs of the Fed's headquarters.
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.
President Donald Trump said he won't fire Jerome Powell following a clash at the Federal Reserve that saw the Fed chair correct the president.