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President Donald Trump and other administration officials are heading to the Federal Reserve today to learn about the central bank buildings’ $2.5 billion renovation.

Fed. Chair Jerome Powell has been under fire from Trump for months for leading the Fed in holding fast on interest rates — declining to continue last year’s reductions due to concern over the inflationary impact of the administration’s tariff hikes.

In recent days, Trump has said that he did not plan to fire Powell before the end of his term — but has not fully closed the door over removing him over his handling of the renovation project.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg Washington Correspondent Tyler Kendall is in for Kailey. Joe and Tyler speak with:

• Bloomberg Managing Editor for US Economic Policy Kate Davidson.
• Stonecourt Capital Partner Rick Davis and Bully Pulpit International Managing Director Adam Hodge.
• Democratic Congressman Suhas Subramanyam of Virginia.
• Ipsos US Public Affairs President Cliff Young.
• Bloomberg Senior Editor Ed Harrison.
• The Budget Lab at Yale University President Natasha Sarin.

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