Fed's Powell faces new line of White House scrutiny

Breakdown

• The White House is increasing pressure on Fed Chair Jerome Powell, focusing on headquarters renovation costs. 1s
• National Economic Council Director Kevin Hassett confirmed the administration is examining whether the president can fire the Fed chair. 14s
• Allegations have been raised, without evidence, that Powell misled Congress about renovation costs. 49s
• The renovation budget increased from $1.9 billion to $2.5 billion, according to Fed budget documents. 1m 17s
• The Federal Reserve states it is in compliance and will provide requested information to the administration. 1m 29s