Latest news with #FedMahal
Fox News
4 days ago
- Business
- Fox News
Trump is trying to ‘cajole' Powell to lower interest rates: Commerce Secretary Howard Lutnick
Commerce Secretary Howard Lutnick discusses how President Donald Trump and Federal Reserve Chair Jerome Powell's sparred over renovation costs for the 'Fed Mahal' on 'The Ingraham Angle.'
Wall Street Journal
17-07-2025
- Business
- Wall Street Journal
The ‘Fed Mahal' Is an Act of Central-Bank Self-Sabotage
The Trump administration has stumbled into an effective line of attack against one of its favorite antagonists—but in service of the wrong goal. I speak of the latest assault on the Federal Reserve over a palatial headquarters building. Go ahead and call the project the Fed Mahal. The central bank is spending somewhere between $2.5 billion and $3 billion to renovate its office complex in Washington. The project is, by all accounts, ridiculous. There's some question about what is actually being built, but the zoning application included glass-enclosed atria, a subterranean concourse connecting the structures, a new underground parking lot, and 'executive' dining facilities. All reportedly encased in high-end marble.
