Fed Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington on June 25, 2025. Kent Nishimura/Getty Images
Federal Reserve Chair Jerome Powell responded in a July 17 letter to a senior Trump administration official who last week accused the leader of the nationās central bank of mismanaging its $2.5 billion Washington headquarters renovation project.
On July 10, Office of Management and Budget (OMB) Director Russell Vought penned a letter to Powell and posted it to X, criticizing the Fed chair for overseeing what he called an āostentatious overhaulā of the Federal Reserveās Washington headquarters, which includes the historic marble Marriner S. Eccles Building on the National Mall.
Original News Source Link – Epoch Times
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