Trump official criticizes Fed chief Jerome Powell for “ostentatious” office renovations, as Trump takes aim over interest rates

A top Trump administration official accused Federal Reserve Chair Jerome Powell of leading an “ostentatious” office renovation that may violate laws, amid ongoing criticism from President Trump over interest rates. The Office of Management and Budget Chair Russell Vought questioned the project’s compliance with regulations, while Powell defended the renovations, claiming many accusations are misleading.

Explain It To Me Like I’m 5: A top official in President Trump’s administration accused Federal Reserve Chair Jerome Powell of spending too much money on fancy office renovations and not following the rules, while Trump is unhappy with Powell’s decisions about interest rates.

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