New Delhi, July 12 -- US Federal Reserve Chair Jerome Powell is reportedly thinking about resigning. This comes after heavy criticism about a super expensive $2.5 billion renovation of the Fed's Washington headquarters. Bill Pulte, a top Trump administration official, said Friday he heard "reports" Powell might leave before his term ends in May 2026.

The project's costs ballooned from $1.9 billion to $2.5 billion, with critics like Senator Tim Scott calling it a "Palace of Versailles"-style waste. Powell claims media reports about luxury features like VIP dining rooms and marble are "misleading," but planning documents from 2021 show these were originally approved.

The Trump administration is turning up the heat. On Thursday, budget chi...