Reported about 19 hours ago
White House Budget Director Russell Vought publicly criticized Federal Reserve Chairman Jerome Powell, claiming he has mismanaged the Fed, particularly regarding an expensive renovation of its Washington, D.C. headquarters. Vought's letter raised concerns over cost overruns and compliance issues, citing potential violations of federal planning regulations. The criticism reflects increasing pressure from President Trump, who has repeatedly called for Powell to resign and lower interest rates. Despite the mounting scrutiny, Powell maintains that his position is secure under the law.
Source: YAHOO