Will Fed’s HQ cost overruns be enough for Trump to fire Powell?
Chair’s defenders say administration wants to use renovations bill as pretext for his removal
The feud between US president Donald Trump and Federal Reserve chair Jerome Powell has taken a new turn, with the administration’s focus shifting to the $2.5 billion renovations bill for the central bank’s Washington, DC, headquarters.
Criticisms of the project from members of the administration date back to at least late April, but have ramped up over the past week. Russell Vought, director of the Office of Management and Budget, wrote an open letter on July 10 accusing Powell of gross
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