President Trump is putting pressure on Federal Reserve Chairman Jerome Powell to lower interest rates, and has been critical of the Fed’s $2.5 billion office renovation.

Mises Institute Senior Fellow Bob Murphy debates David Beckworth of the Mercatus Center tonight at 7pm ET, moderated by George Gammon.

The Eccles Building controversy is fast becoming a political flashpoint. Powell is facing pressure from multiple sides, Trump is urging interest rate cuts, lawmakers are demanding transparency, and watchdogs are warning of a breach of public trust.

It’s not that Jerome Powell has no controversies to deal with. President Donald Trump has repeatedly called Powell a “numskull,” demanding that he cut interest rates to boost the economy.

Federal Reserve Chair Jerome Powell has come under fire from the Trump administration yet again, but this time, criticism has been leveled at “mismanagement” of funds. On Thursday, Office of Management and Budget (OMB) Director Russell Vought shared a letter written by him to Powell in which the former pulled up the Fed chair for his “ostentatious