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Trump Targets Fed Chair Powell Over Renovation Costs

  In a dramatic escalation of his long-standing feud with Federal Reserve Chair Jerome Powell, former President Donald Trump has signaled a potential path to remove Powell from office—citing alleged mismanagement of a $2.5 billion renovation project at the Fed’s Washington headquarters. The renovation, which includes upgrades to aging infrastructure and removal of hazardous materials like asbestos, has ballooned in cost over the years. Trump and his allies claim the project includes extravagant features such as rooftop gardens, VIP dining rooms, and premium marble—claims Powell has publicly denied. The Fed insists the renovations are necessary and cost-effective in the long term, consolidating staff and reducing rental expenses. While the Supreme Court has affirmed that a president cannot dismiss the Fed chair over policy disagreements, Trump may be attempting to build a case for removal “for cause,” alleging Powell misled Congress about the renovation’s scope and budget. Criti...
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Market Turmoil Deepens Amid Tariff Uncertainty

                                           

The stock market experienced another tumultuous day as uncertainty surrounding former President Donald Trump's tariff policies continued to rattle investors. Major indices swung wildly throughout the trading session, reflecting the heightened volatility and lack of clarity on the future of U.S. trade relations.

The S&P 500, after initially posting gains, reversed course to close sharply lower, marking its second consecutive day of significant losses. The Dow Jones Industrial Average and Nasdaq Composite followed a similar trajectory, erasing early gains and ending the day in the red. Analysts attribute the market's erratic behavior to fears of prolonged trade disputes and their potential impact on global economic growth.

Investors remain on edge as the timeline and resolution of tariff negotiations remain uncertain. The prospect of increased tariffs on key trading partners has raised concerns about higher consumer prices and a potential economic slowdown. While some hope for a diplomatic resolution, the lack of concrete progress has left markets in a state of flux.

As the financial world grapples with these challenges, market participants are bracing for continued volatility in the days ahead. The unfolding situation underscores the delicate balance between economic policy and market stability.

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