White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

3 weeks ago 1

Federal Reserve Board Chairman Jerome Powell holds a news conference following a Federal Open Market Committee meeting on June 18, 2025 in Washington, DC.

Win Mcnamee | Getty Images

President Donald Trump's budget chief on Thursday said that Federal Reserve Chairman Jerome Powell "has grossly mismanaged the Fed" and suggested he had misled Congress about a pricey renovation of the central bank's headquarters.

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