White House’s Pressure on Fed Chairman Powell Threatens Economic Stability and Central Bank Independence

In an aggressive escalation of pressure on Federal Reserve Chairman Jerome Powell, President Donald Trump is now focusing on scrutinizing the costly renovation plans for the Fed's Marriner S. Eccles Building. This move marks yet another step in a relentless attempt to bend an independent institution under political control—jeopardizing the very foundation of America’s economic sovereignty. Why Is Washington Targeting the Federal Reserve’s Renovation? Russ Vought, Trump's chief budget adviser, recently sent a sharply worded letter criticizing what he called an “ostentatious overhaul” of the central bank’s headquarters. With lavish features like rooftop garden terraces and VIP dining rooms originally...