<h1>President pressures Federal Reserve Chairman to resign, targets headquarters renovation project as leverage</h1> The President is escalating pressure on the Federal Reserve Chairman to lower interest rates or resign by targeting the central bank's headquarters renovation project. The administration's budget adviser sent a letter expressing concerns about potential violations of government building rules and called the renovation an 'ostentatious overhaul.' The President appointed two close aides to a commission to review the building plans, adding another layer of scrutiny. This follows ongoing criticism where the President has called the Chairman 'a very stupid person' who should 'resign immediately.' The Chairman has resisted pressure to cut rates, citing concerns that the President's tariff plans could increase inflation. The renovation debate could lead to a legal battle between the White House and the Federal Reserve over the central bank's independence.