White House officials pressure Fed Chairman Powell, accusing him of serious mismanagement

By: odaily.com|2025/07/11 06:51:42

Odaily News A key Trump administration official said Federal Reserve Chairman Jerome Powell has grossly mismanaged the institution and demanded more information about renovations to the Feds Washington headquarters. The President is deeply troubled by your stewardship of the Federal Reserve System, Office of Management and Budget Director Vought wrote in a letter to Powell. Instead of attempting to correct the financial situation of the Federal Reserve, you have proceeded with a major renovation of the Washington headquarters. The letter continued the tone of Trump, senior administration officials and some congressional Republicans in putting more scrutiny on Powell as the Fed faces broad pressure to cut interest rates.

Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Young people in South Korea make a "final effort" in the epic bull market

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World Cup 2026 Coming – WEEX Celebrates with $1M Prize Pool & Michael Owen Live

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Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing

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Every exchange is a "Universal Exchange."

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Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?

Why did Oracle deliver the strongest financial report in history, yet its stock price fell?