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

• • President Donald Trump’s budget chief said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed.”
  • Office of Management and Budget Director Russell Vought also suggested Powell had misled Congress about a pricey renovation of the central bank’s headquarters.
  • Vought’s broadside opens up a new front in the Trump administration’s war on the Fed chief.