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Why ‘VIP dining rooms’ could sink Trump’s foe Powell

Why ‘VIP dining rooms’ could sink Trump’s foe Powell

An over-budget renovation may finally provide the excuse the US president needs to oust the Federal Reserve chairman.

Donald Trump’s feud with Jerome Powell has moved from interest rates to a new battlefront: an imposing marble-clad building just a stone’s throw from the White House.

As the president casts around for ways to pressure the chairman of the Federal Reserve to lower borrowing costs, his attention has focused on the Fed headquarters, a 1930s neoclassical edifice called the Marriner S. Eccles Building.

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The Telegraph London

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Hans van Leeuwen
Hans van LeeuwenJournalistHans van Leeuwen is international economy editor for The Telegraph UK. He was previously The Australian Financial Review’s Europe correspondent.

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Original URL: https://www.afr.com/world/north-america/why-vip-dining-rooms-could-sink-trump-s-foe-powell-20250718-p5mg1l