Fed, White House and Powell
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Federal Reserve Chair Jerome Powell is under fire from the White House, which accuses him of bungling a yearslong renovation of the Fed's headquarters and has suggested that it could be cause to fire him.
President Donald Trump’s White House is frantically trying to put out the blaze sparked by its own promises to expose whatever the federal government is hiding about disgraced financier Jeffrey Epstein. A Wall Street Journal bombshell has only flared up the rage, increasing the likelihood that this fire will keep burning all summer.
The White House uses an overbudget renovation of Fed headquarters to pressure Fed Chair Powell out of his job. Will it work? And does it even matter?
President Donald Trump continued to face backlash from his MAGA supporters over his administration's handling of the Jeffrey Epstein files, calling on Attorney General Pam Bondi "to produce any and all pertinent Grand Jury testimony, subject to Court approval" related to the case.
A Supreme Court ruling last week means planned reductions in force can continue, but unions and other groups will battle the administration at each step.
Rep. French Hill (R-Ark.), the chairman of the House Financial Services Committee, said on Thursday that he does not “believe” that President Trump can fire Federal Reserve Chair
White House press secretary Karoline Leavitt declined to comment on the DOJ's sudden firing of federal prosecutor Maurene Comey, who handled major cases involving Jeffrey Epstein and Sean Combs. Comey issued a strong statement warning against fear-based governance.
A wildfire that has scorched more than 19,000 acres has forced visitors, employees and residents of the Grand Canyon North Rim to evacuate.