HUD chief Turner explodes Powell in housing crisis to renovate the Federal Reserve

Secretary of Housing and Urban Development Scott Turner Fed Chairman Jerome Powell, who spent a dollar on Billons to renovate the Fed’s headquarters amid the housing crisis, said Powell was helping to perpetuate.

The Fed’s headquarters has been undergoing a massive renovation that has plagued cost overruns and is now at $2.5 billion. Meanwhile, the Trump administration has no responsibility for Powell to lower interest rates, even if inflation appears to be under control.

Turner told Fox News that unelected bureaucrats like Powell are wasting billions of dollars in taxpayer funds, and Americans are struggling to buy homes due to high mortgage rates, directly affected by his refusal to lower rates. ”

HUD became the first cabinet agency to announce its departure from Washington, D.C., and Turner reported in June that the department would move to the existing National Science Foundation (NSF) near Alexandria, Virginia. Turner said the move will free up millions of taxpayer funds, which are spent on DC’s L’Enfant Plaza’s large HUD headquarters, which also includes “health hazards, leaks and structural hazards, structural and maintenance failures for employees.”

“HUD’s move isn’t about me – our workforce deserves to be in a building that is safe and that fits our workforce. NSF was never able to fully fill their building to occupation and will move into a building that best fits their workforce. Instead of spending nearly a half-billion dollars on renovating 10 floors of basement with perpetual leaks, HUD and GSA are saving the taxpayers money – something that Chairman Powell, sitting in his ivory tower Put Americans first,” Turner continued.

HUD becomes the first major cabinet agency to withdraw from DC, citing “failed” headquarters – Doge wants to sell

Speculation about the president Donald Trump Because he is reluctant to lower the federal funding target interest rate, he can try to expel the Fed Chiefs before it officially ends in May 2026, which will reduce the cost of borrowing for Americans. In June, the Fed’s benchmark interest rate ranged between 4.25% and 4.5%, which Trump believes has killed U.S. economic growth.

The Fed, which has developed monetary policy and oversees banks, said the interest rate decision stems from its data reliance on methods of managing inflation and economic growth. It works independently, meaning it does not require the approval of the president or Congress when formulating policies.

Trump has expanded his criticism of Powell in recent weeks, believing that he should have lowered interest rates, while calling him “numb” and nicknamed “Mr. Too Late.” At the recent NATO summit in Canada, Trump said at a press conference that Powell was “terrible” and a “very ordinary spiritual person” and that his actions were “low IQ”.

‘For Sale’: Doge takes action to sell nearly a billion federal real estate, relocate cabinet agency headquarters

Federal Reserve Chairman Jerome Powell answered a question at a meeting at the Washington Economic Club in Washington, D.C. on February 7, 2023. (Reuters/Amanda Andrade-Rhoades/Architecture Photo)

Trump said recently, an over-budget renovation at the Marriner S. Eccles building at the Federal Reserve headquarters was “a bit of a hit crime.”

“I think he’s terrible. I think he’s totally stiff. But one thing I haven’t seen in him is someone who needs a palace to live in.”

“You talk to that guy. It’s like talking – nothing. It’s like talking to a chair. There’s no personality, no high-level wisdom, nothing. But one thing I’ve never guessed is that he’s going to spend $2.5 billion to build some extensions.”

HUD Secretary Scott Turner wins agency wins in the first 100 days, next 100 stock priorities

Democratic lawmakers have slammed Trump’s attack on Powell’s Fed updates, including Massachusetts Sen. Elizabeth Warren plundering HUD in Turner to move HUD to Virginia.

President Donald Trump arrived at the South Lawn of the White House from Camp David on June 9, 2025. (Tom Williams/CQ-Roll Call, Inc)

Warren was at The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The The Friff S BRIDE M FARIFFES Financial Club in Washington, DC “Instead, he threatened to fire the Fed’s chairman. When he initially bullied Powell’s failed attempt, Trump and Congressional Republicans suddenly decided to investigate the Fed’s spending on building renovations.”

Trump should evacuate HUD headquarters to drain DC swamp

HUD expects to save $22 million in operation and maintenance costs annually by withdrawing from the Robert C. Weaver building, and the government is expected to make huge sums when the building is officially sold for its best location in the U.S. capital.

Fox Digital learned that the agency’s new home in NSF is expected to cost the government $35 per square foot, while the Weaver Building is $86 per square foot, including operations and maintenance.

Fox Digital learned that the federal government has spent $90 million on repairs to a massive woven building over the past 15 years, but the building “far beyond cost-effective repair points, creating important financial obligations for the federal government while maintaining occupancy.”

Robert C. Weaver Federal Building in Washington, DC (Carol M. Highsmith/Buyenlarge/Getty Images)

The HUD office became as open as the “Spiritual Halloween” store under Biden: the administrator.

When asked, the Fed declined to comment on Sunday morning Turner’s comments to Fox Numbers.

The Fed’s website includes a page of FAQs about building renovations, including a highlight that the Fed’s board of directors is “responsible to be a good steward of public resources” and is subject to a few safeguards to ensure transparency.

“The Fed Chair twice a year for monetary policy. Members of the House and Senate have the opportunity to ask the Fed Chair on any topic and then submit questions in writing after the hearing. As part of the hearing, the Fed will release a semi-annual monetary policy report detailing the latest economic and monetary policy and detailing the latest National Development.

Trump appoints Powell in his first presidency, meanwhile, he continues to slam Powell’s current interest rates on social media, saying he is “choing” Housing Market Suitable for Americans.

Housing and Urban Development Secretary nominee Scott Turner swore at a Senate confirmation hearing on January 16, 2025.

“It’s too late,” Trump wrote on Truth Social Friday, and the Fed are killing the housing market at its high speed, making it difficult for people to buy a home. The sleepy Joe saw how bad he was and reappointed him anyway. ”

Click here to get the Fox News app

“The United States is shaky, inflation is low, and we should save $1 trillion in interest expenses at a rate of 1%. I can’t tell you it’s too late, it’s too bad for our country!”

Eric Revell and Amanda Macias of Fox News Digital contributed to the report.