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Powell Faces Calls to Resign Amid Renovation Controversy
Confirmed
In Short: Former Federal Reserve Chairman Jerome Powell faces renewed calls to resign over the costly headquarters renovation.
Former Federal Reserve Chairman Jerome Powell is facing renewed calls to resign over the costly headquarters renovation project.
The Wall Street Journal editorial page has called for Powell's resignation, citing mismanagement and overruns.
Attorney General Todd Blanche announced Friday that the Justice Department will not reopen a criminal investigation into Powell following the release of an internal watchdog report.
President Donald Trump, who nominated Powell to the Fed chair position, has also called for Powell's resignation.
Trump criticized Powell for the project's escalating costs, which reached over $1 billion more than the initial estimate.
Former Reagan economist Art Laffer and American Action Forum President Douglas Holtz-Eakin joined 'Kudlow' to discuss Powell's leadership, emphasizing the need for accountability.
The DOJ investigation into Powell was closed earlier this year after a federal judge ruled that it was a pretext for pressuring the Fed chief to lower interest rates.
Despite the lack of criminal charges, Powell's handling of the renovation project remains a contentious issue.
Critics argue that Powell's leadership during the project reflects broader issues with his management of the Federal Reserve.
Powell announced in January that the DOJ was investigating him following allegations that he lied in a 2025 Senate testimony regarding the renovations.
The controversy has overshadowed other aspects of Powell's tenure, including his monetary policy decisions.
The calls for Powell's resignation underscore the ongoing scrutiny of his leadership and the impact of the renovation scandal on his legacy.
What this adds
The Broadway musical 'Wicked' is unrelated to the Federal Reserve controversy.
Professional wrestling events and their coverage do not relate to the Federal Reserve or Powell's resignation calls.
What's confirmed
- He said that Powell should be forced to resign from the Fed.
- “If they learn anything that rises to any kind of criminal misconduct, you better believe we’re going to investigate that.” President Donald Trump and Powell had clashed over how the renovations were managed, as well as Powell’s repeated decision not to lower interest rates.
What's still developing
- In other words, Mr. Powell is not going to get busted, and he’s not going to jail, even though he was running the place during the vast mismanagement and overruns.
- But the last time they had the reins of power, they spent $7 trillion dollars monetized by the Powell Fed, that created a 9 percent inflation peak and over 21 percent cumulative inflation.
- “We’re not reopening a criminal investigation into him,” Blanche told Bloomberg in an interview Friday, closing off the possibility that prosecutors would revive the investigation into Powell over the Fed’s multibillion-dollar headquarters renovation, at least for now.
- Ctrl + K to open · Esc to close The cast also includes Martin Freeman, Greta Lee, Sarah Paulson, and Isaac Powell.
- The complete cast will include Martin Freeman, Greta Lee, Sarah Paulson, Isaac Powell, Julia Roberts, and Paul Rudd.
- Schiavone set up a video of Pac’s final time on camera… A post-AEW All Out video showed Jon Moxley seated outdoors while members of the Death Riders stood by him.
- By Jason Powell, ProWrestling.net Editor ( @prowrestlingnet ) AEW Dynamite (Episode 365) Pittsburgh, Pennsylvania, at Petersen Events Center Simulcast on September 30, 2026, on TBS and HBO Max [Hour One] Dynamite opened with a memorial graphic for Benjamin “Pac” Satterley.
- That was in stark contrast with the insults Trump hurled at Powell, whom he nominated to be Fed chair during his first term.
- Trump took to social media Wednesday afternoon and called on Powell to resign.
- Wicked: Part One is heading to concert halls around the world, where audiences will be able to watch the blockbuster film on a massive screen while a full symphony orchestra performs Stephen Schwartz and John Powell’s music live, synchronized to the action onscreen.