Fed, Trump and rates
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1don MSN
After months of criticizing Federal Reserve Chair Jerome Powell, President Donald Trump took the fight to the Fed’s front door on Thursday, publicly scorning the central bank chief over the ballooning costs of a long-planned building project.
The yearslong project to overhaul the U.S. central bank’s headquarters in Washington, D.C., has run into multiple hurdles, including higher-than-expected groundwater at the site.
Nationwide, the Trump administration froze billions in funding for education. Washington stood to lose about 15.6% of the state's federal K-12 funding.
2don MSN
On Thursday, staff at the Federal Reserve led a small group of journalists, photographers and television cameras on an extensive tour of the large, active construction site that comprises two 1930s-era buildings.
Washington Attorney General Brown secured a temporary halt against federal restrictions on public benefits, buying time until September 3 for those relying on state services.
Trump’s executive order addresses homelessness by redirecting federal funds to substance abuse treatment, enforcing bans on open drug use and camping on public property.
A sprawling $2.5 billion project to renovate the central bank’s headquarters in Washington has become the focal point of attacks from the Trump administration.
According to a report from The Washington Post, DOGE is using an AI tool to analyze federal regulations and determine which to get rid of. A DOGE PowerPoint presentation obtained by the publication notes that its "AI Solution" — reportedly called the DOGE AI Deregulation Decision Tool — found that 100,