(Reuters) -The White House on Thursday launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had “grossly mismanaged” the central bank, chastising him for running a deficit and for extensive cost overruns for building renovations.
Office of Management and Budget Director Russel Vought, in a letter addressed to Powell and posted on social media platform X, said: “Instead of attempting to right the Fed’s fiscal ship, you have plowed ahead with an ostentatious overhaul of your Washington, D.C., headquarters.”
The letter arrived as President Donald Trump and his aides kept up their criticism of Powell for not lowering interest rates.
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