Jerome Powell, chair of the Federal Reserve, has rejected allegations that he lied to Congress about the Fed's renovations. “This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings,” Powell said. Donald Trump introducing Jerome Powell as his nominee to chair the Federal Reserve in 2017. “I know chairman Powell pretty well,” said John Kennedy, the Republican senator from Louisiana, on Monday. Donald Trump has clashed with US Fed Chairman Jerome Powell over the cost of renovations to the central bank’s headquarters.

Source: The Irish Times January 13, 2026 16:56 UTC