- White House officials accuse Federal Reserve chair Jerome Powell of mismanaging its building renovations, which cost $700 million more than expected. Office of Management and Budget Director Russell Vought sent Powell a letter taking issue with the cost overruns and certain statements from a Senate hearing last month.
Until now, the White House’s attacks on U.S. Federal Reserve chair Jerome Powell consisted mostly of criticisms and the occasional insult. But in the last several days, the attacks have morphed into a quasi-legal effort that could end with Powell losing his job.
