Trump demands Powell leave Fed board, threatens lawsuit
- —Fed inspector general found no criminal violations in the $2.5 billion project
- —Cost overruns on the headquarters renovation were estimated at about $1 billion
- —Powell remains a Fed governor with a term running to January 2028
- —Trump ordered the attorney general to review the report for possible legal action
Why it matters: Pressure on Fed independence raises rate uncertainty, a key driver of volatility across crypto markets.
Source: Siam Blockchain