Trump admin’s attacks on Powell over $2.5 billion Fed renovation hinge on ‘VIP dining rooms’ and procedural grounds with an obscure gov agency

fortune.com/2025/07/14/fed-renovation-trump-jerome-powell-washington-dc

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…

This story appeared on fortune.com, 2025-07-14 19:02:46.
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