Washington, July 18, 2025 (AFP) - What to know about Trump's effort to oust Fed Chair Powell

NAMPA / AFP
2025-07-18
US President Donald Trump this week escalated attacks on central bank chair Jerome Powell, suggesting he could be dismissed for "fraud" over his handling of a renovation project at the Federal Reserve's headquarters. The US leader's focus on the Fed's $2.5 billion renovation project comes after months of growing criticism targeting the independent central bank chief -- as the bank held interest rates steady despite Trump's insistence that it shou......
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OSHAKATI, 09 July 2025 - Newly appointed governor Hofni Iipinge and former governor Elia Irimari during the welcoming ceremony of the governor on Wednesday. (Photo: Maria David)NAMPA

OSHAKATI, 09 July 2025 - Newly appointed governor Hofni Iipinge and former governor Elia Irimari during the welcoming ceremony of the governor on Wednesday. (Photo: Maria David)NAMPA

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SWAKOPMUND, 08 July 2025 - T12 female sprinter, Ndapewa iipinge and guide Filipus Kotokeni while in action dureing the final of the 100 metres race and the Veneta Stadium during the African Union Sport Council (AUSC) Region Five Youth Games in Swakopmund. (Photo by: Hesron Kapanga) NAMPA

SWAKOPMUND, 08 July 2025 - T12 female sprinter, Ndapewa iipinge and guide Filipus Kotokeni while in action dureing the final of the 100 metres race and the Veneta Stadium during the African Union Sport Council (AUSC) Region Five Youth Games in Swakopmund. (Photo by: Hesron Kapanga) NAMPA

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SWAKOPMUND, 09 July 2025 - T12 female sprinter, Ndapewa iipinge and guide Filipus Kotokeni while in action dureing the final of the 100 metres race and the Veneta Stadium during the African Union Sport Council (AUSC) Region Five Youth Games in Swakopmund. (Photo by: Hesron Kapanga) NAMPA

SWAKOPMUND, 09 July 2025 - T12 female sprinter, Ndapewa iipinge and guide Filipus Kotokeni while in action dureing the final of the 100 metres race and the Veneta Stadium during the African Union Sport Council (AUSC) Region Five Youth Games in Swakopmund. (Photo by: Hesron Kapanga) NAMPA

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SWAKOPMUND, 09 July 2025 – One of the Namibian swimmers pictured ahead of a race during the African Union Sports Council (AUSC) Region Five Games, at the Cube swimming centre in Swakopmund. (Photo: Contributed)

SWAKOPMUND, 09 July 2025 – One of the Namibian swimmers pictured ahead of a race during the African Union Sports Council (AUSC) Region Five Games, at the Cube swimming centre in Swakopmund. (Photo: Contributed)

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WINDHOEK, 09 July 2025 - The Indian community in Namibia welcoming India’s Prime Minister, Narendra Modi in Windhoek. (Photo by: Eba Kandovazu) NAMPA

WINDHOEK, 09 July 2025 - The Indian community in Namibia welcoming India’s Prime Minister, Narendra Modi in Windhoek. (Photo by: Eba Kandovazu) NAMPA

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WINDHOEK, 09 July 2025 - The Prime Minister of India, Narendra Modi, arrived in Namibia on Wednesday for a one-day state visit. (Photo by: Eba Kandovazu) NAMPA

WINDHOEK, 09 July 2025 - The Prime Minister of India, Narendra Modi, arrived in Namibia on Wednesday for a one-day state visit. (Photo by: Eba Kandovazu) NAMPA

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WINDHOEK, 09 July 2025 - The Prime Minister of India, Narendra Modi, arrived in Namibia on Wednesday for a one-day state visit. (Photo by: Edward Tenete) NAMPA

WINDHOEK, 09 July 2025 - The Prime Minister of India, Narendra Modi, arrived in Namibia on Wednesday for a one-day state visit. (Photo by: Edward Tenete) NAMPA

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RUNDU, 08 July 2025 - The Chief Executive Officer of the Rundu Town Council, Olavi Nathael. (Photo: Contributed)

RUNDU, 08 July 2025 - The Chief Executive Officer of the Rundu Town Council, Olavi Nathael. (Photo: Contributed)

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