Jerome Powell faces scrutiny over central bank renovation, prompting the FHFA chief to urge Congress to investigate him.

The entities involved

• Jerome Powell →

  president of the FED

  • The Federal Open Market Committee (FOMC) is the policy-setting body of the FED, with reports detailing Trump's influence on nominations.Mon 14:19
  • Donald Trump criticized Jerome Powell regarding the reluctance to implement interest rate cuts.Mon 07:46
• Indian National Congress →

  centrist-liberal political party in India

  • The Congress party made allegations against CEC Gyanesh Kumar regarding ECI's handling of Bihar elections, noting challenges near Bangladesh border states.Mon 06:52
  • The Kennedy Center, which operates under the jurisdiction of the District of Columbia, is facing appeals regarding President Trump's name, while Congress retains the power to change its name.Sun 23:22

Related events

• Fed policy, including the funds rate, is being watched closely as it influences corporate earnings in sectors like retail and tech.Jun 7
• The Federal Reserve's structure was outlined, noting Powell as Chair, Waller as a Board Director, and the FED seeking support from Congress.Jul 21
• Trump, Powell, and the FED are involved in clashes over interest rate policy, complicated by shared ownership of properties.Sep 11
• Jerome Powell chairs the Federal Reserve, and Merk tracks the Fed's discipline and policy direction.Sep 21
• Donald Trump attempts to exert greater control over the Federal Reserve.Aug 6