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Top Trump official slated to inspect Fed's $2.5B renovation amid cost scrutiny

1. White House staff visit Fed amidst criticism over renovation costs. 2. President Trump blames Powell for rising $2.5 billion renovation expenses. 3. Cost overruns attributed to unexpected construction challenges and inflation. 4. Powell's interest rate policies face Trump's disapproval amid economic tensions. 5. Trump hints at potential leadership change at the Fed before Powell's term ends.

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FAQ

Why Neutral?

Current tensions between Trump and Powell may create uncertainty but are unlikely to lead to radical changes. Historical instances, like Fed chair reappointments, have shown stability generally prevails.

How important is it?

The article's focus on Fed leadership and monetary policy directly impacts market sentiments, particularly in the context of interest rates.

Why Short Term?

The immediate effect on market sentiment could lead to fluctuations, especially during Fed announcements. However, long-term monetary policy decisions are more stable.

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