White House budget director Russell Vought is suggesting that Federal Reserve Chair Jerome Powell is in violation of government building rules in the renovation of the Fed’s headquarters.

The White House is criticizing an expensive renovation at Federal Reserve headquarters as President Donald Trump pursues a pressure campaign to lower interest rates.

The White House financial watchdog ripped Federal Reserve Chair Jerome Powell over a lavish revamp of the central bank’s Washington, DC headquarters — and warned construction could be

White House economic adviser Kevin Hassett is emerging as a serious contender to be the next chair of the U.S. Federal Reserve, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Key Takeaways The White House lobbed more criticism at Federal Reserve Chair Jerome Powell Thursday, accusing him of mismanaging a renovation of the central bank's headquarters.In recent months, Trump has blasted Powell because the Fed has held its key interest rate steady against the president's repeated demands to lower borrowing costs.