The Office Renovation at the Heart of Trump’s Campaign Against Powell

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July 17, 2025 • 14 mins

P.M. Edition for July 17. Legal experts are dubious that President Trump could remove Fed Chair Jerome Powell—though the president has said he isn’t planning to. But as WSJ chief economics correspondent Nick Timiraos points out, Trump’s advisers are seizing on a renovation of the Federal Reserve’s Washington, D.C. headquarters to undermine public trust in Powell. Plus, China has threatened to block the sale of two Panama Canal ports unless its state-owned shipping company can be a part of it. WSJ reporter Jack Pitcher discusses China’s leverage, and what the U.S. makes of it. And Republican lawmakers are making a surprising push to protect unauthorized immigrants. WSJ congressional reporter Olivia Beavers explains why. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

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.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}The Office Renovation at the Heart of Trump’s Campaign Against Powell