Fed chair Powell’s has asked the bank’s Inspector General to review its $2.5 billion renovation project.
The Trump administration is pressuring Feds Powell for not lowering rates and is also now focusing on the renovation project at the Federal Reserve which is ongoing and overbudget.
US CPI data and PPI data will be released this week on Wednesday and Thursday gains of 0.3% expected for MoM for the headline number for each. If the numbers were to come in weaker, the pressure on the Fed chair would be
This article was written by Greg Michalowski at www.forexlive.com.