Trump Team Probes Fed Project as another TACO takes shape

  • Trump appears to have caved in, again, this time on firing Powell
powell trump fed pressure 22 July 2025 2

Trump’s budget chief, Russ Vought, hinted at a possible visit to a Federal Reserve construction site amid growing tensions between the White House and Fed Chair Jerome Powell. The Fed had offered a Friday evening tour, which was declined, later posting a virtual version online. Vought recently launched a probe into Powell’s handling of the project, fuelling speculation that Trump may be seeking grounds to fire him.

Trump has repeatedly criticised Powell for keeping interest rates steady while the economic impact of tariffs remains unclear.

Meanwhile, another cave in from TACO, declining to fire Powell

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