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What to know about Trump's effort to oust Fed Chair Powell

What to know about Trump's effort to oust Fed Chair Powell

The Standard6 days ago
WASHINGTON, DC - JULY 17: The Federal Reserve building is seen as it goes under construction on July 17, 2025 in Washington, DC. U.S. President Donald Trump, who has been pressuring Federal Reserve chairman Jerome Powell to cut interest rates, says that he is "highly unlikely" to fire him. Office of Management and Budget director Russell Vought has asked the Powell to respond to a series of questions about cost overruns in the nearly $2.5 billion renovation by July 21st. Michael M. Santiago/Getty Images/AFP
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