Jerome Powell blanchi par le gendarme de la Fed, Donald Trump le menace de nouveau
L’inspection générale de la Réserve fédérale américaine n’a pas trouvé « de motifs raisonnables » justifiant des poursuites pénales contre l’ex-président de l’institution, selon un rapport publié mercredi. Le président américain estime que celui qui est aujourd’hui gouverneur de la Fed devrait être « contraint de démissionner » ou « poursuivi ».
The US Federal Reserve's inspector general has found no evidence of criminal wrongdoing by former Fed Chair Jerome Powell related to the central bank's renovations. According to the report, there were no grounds for referring the matter to law enforcement. The investigation was prompted by criticism from President Donald Trump, who had accused Powell of mishandling the renovation project.
The renovation project, which involved the Fed's headquarters in Washington, had experienced significant cost overruns, with the final bill coming in at around $2.4 billion, roughly $1 billion more than initially planned. However, the inspector general's report found that the cost explosion was primarily due to poorly designed contracts, rather than specific design elements such as marble or water features.
President Trump has reacted to the report by calling for Powell to be forced to resign or prosecuted. Trump has a history of criticizing Powell, whom he appointed as Fed Chair in 2018. The two have been at odds over monetary policy, with Trump pushing for interest rate cuts and Powell resisting. Powell has since remained on the Fed's board as a governor, despite the end of his chairmanship in May.
Brief written by urgent.news from Le Monde Economie, The Hill, Handelsblatt, Investing.com, WSJ Economy — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
