His Life Won't Be Very Happy': Trump Threatens Powell If He Refuses to Quit the Fed
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His Life Won't Be Very Happy': Trump Threatens Powell If He Refuses to Quit the Fed
"It'a alright. We'll have to, we just in this world, we live with cards you're dealt. And if that happens, his life won't be very happy, I don't think, by doing that. I think he wants to get out. He has not done a good job. He's done a horrible job on buildings. You know, he took a small little complex, the Federal Reserve complex I could have redone it."
"I could have fixed it for 25 million bucks. It would have looked beautiful. I think he's up to almost $4 billion the most expensive project ever built per square foot. And he's either incompetent or he's crooked, I guess, right?"
"Trump's Department of Justice also announced a criminal probe into Powell over the years-long renovation of the Federal Reserve building."
President Donald Trump warned that Jerome Powell's life would be unhappy if Powell remained at the Federal Reserve after his Fed chair term expired. Trump criticized Powell's performance and accused him of failing at facility management, pointing to a Federal Reserve building renovation that Trump said ballooned to nearly $4 billion. Trump portrayed the cost overrun as evidence of incompetence or corruption. The Department of Justice opened a criminal probe into the renovation, and Powell characterized the investigation as retaliation for Powell's refusal to lower interest rates. Trump has also sought removal of Fed governor Lisa Cook amid legal challenges to her seat.
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