Trump admin slams Powell over costly Fed HQ overhaul

The Trump administration blasted Fed Chair Jerome Powell over a $700 million cost overrun in the lavish renovation of the Fed's headquarters, calling it 'mismanaged' and demanding answers. The OMB flagged VIP dining rooms, marble upgrades, and excessive office space. Markets remain focused on rate cut hopes, with the S&P 500 hitting a fresh high amid Fed policy uncertainty.