Fed Reserve Chair Jerome Powell responded to the Trump administration's inquiry about its $2.5 billion headquarters renovation, addressing concerns about cost overruns and project details.

Federal Reserve Chair Jerome Powell on Thursday said the agency’s renovation of its office complex in Washington complies with plans approved by a local commission, disputing a White House suggestion that they had violated the law by deviating from those plans.

While that would set a tone at the board of governors, whose seven members are permanent members of the Federal Open Market Committee, it won't necessarily translate entirely into monetary policy ( more toward bank reserve rates ).

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President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over interest rates.

The Federal Reserve Transparency Act, would require a full audit of the Federal Reserve’s activities, among other measures deemed necessary by Congress.

Mark payment due dates on your calendar and set reminders to avoid missing them. With average credit card interest hovering around 21.37%, carrying a balance is costly as minimum payments mostly cover interest. Aim to pay in full each month, or at least more than the minimum.

A new survey by the Federal Reserve reveals President Donald Trump’s sweeping tariffs are already costing consumers. Businesses across the U.S. are reporting rising costs “related to tariffs,” particularly when it comes to buying raw materials,