Sun Jul 13 23:30:00 UTC 2025: **News Article:**
**White House Weighing Options to Remove Fed Chair Powell, Citing Renovation Project Concerns**
Washington D.C. – The Trump administration is reportedly exploring options for potentially removing Federal Reserve Chair Jerome Powell before his term expires next May, with a controversial renovation project at the Fed’s headquarters serving as a focal point of contention.
National Economic Council Director Kevin Hassett stated Sunday that the administration is investigating whether President Trump has the authority to fire Powell. While Trump has publicly stated he doesn’t want to fire Powell, Hassett’s comments suggest the White House is seriously considering the possibility.
The administration’s criticism of Powell has intensified in recent days, particularly targeting the Fed’s $2.5 billion renovation project, which Hassett claims is over budget by $700 million. Office of Management and Budget Director Russell Vought accused Powell of “gross mismanagement” of the Fed and is seeking an investigation into the project.
Vought sent a list of questions to Powell last week demanding answers about the renovation. Hassett indicated that the administration’s next steps would depend on the answers to these questions.
The Federal Reserve responded to some of Vought’s concerns with an updated webpage, denying claims of new “VIP dining rooms” being constructed as part of the project.
Several names are circulating as potential replacements for Powell, including Hassett himself and former Fed Governor Kevin Warsh, who recently criticized the Fed’s renovation project and overall performance.
The situation remains fluid, but the administration’s increased scrutiny of Powell and the ongoing renovation project suggests a potential move to replace the Fed Chair before his term concludes.
First Piper 