Trump Administration Increases Pressure on Federal Reserve Chairman Jerome Powell

Reports surfaced on Monday indicating that the administration of U.S. President Donald Trump is contemplating potential actions against Federal Reserve Chairman Jerome Powell, reflecting heightened political pressure on him.

This development follows controversy surrounding Powell's recent testimony before Congress regarding a renovation project for the Federal Reserve building. The administration has suggested that his statements could imply violations or misconduct that may require accountability.

The situation underscores escalating tensions between the White House and the central bank, particularly at a critical juncture when discussions about the independence of the Federal Reserve and its role in shaping the nation's fiscal policy are intensifying.