White House opens new front in attack on Fed chief Jay Powell

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The White House, Jay Powell, was accused of issuing the “total” mismanagement “renewal from the headquarters of the federal reserve, and the opening of a new front in its attack against the US Central Bank.

Russell Fair, Director of the Administration and Budget Office, said in a publication on X that Powell, Chairman of the Federal Reserve, “the Federal Reserve managed to starkly”, accusing the head of the Central Bank to head the renewal of its headquarters, which amounted to 700 million dollars on the budget.

In a letter published to X, Trump’s ally said: “The president is very troubled by your administration of the Federal Reserve. Instead of trying to correct the financial ship at the Federal Reserve, you have pushed with a comprehensive reform of the Washington headquarters of Washington,” said Trump’s ally, “I was very troubled by your administration of the Federal Reserve.

Vought claimed that the renewal was originally “called for the balcony gardens on the roof, private dining rooms, private elevators, water features, distinctive marble, and much more.” He added: “The renovations of similar federal buildings cost many requests that are less than the office that you adopt for yourself on ten cents of taxpayer.

Vough’s criticism of the renewal of the Marriner Eccles building in Washington of $ 2.5 billion, which he claimed to cost nearly from Versailles Palace in the current dollar, represents a new tactic in the Trump administration battle with the bank.

President Donald Trump calls regular attacks on the Federal Reserve on his price policy, describing Powell “stubborn mule” and “Numbskull” of the central bank’s decision to leave interest rates hanging from 4.25-4.5 percent since the beginning of the year.

The Federal Reserve says it cannot reduce prices until it has more evidence of how Trump’s trade war affects inflation.

Trump has repeatedly accused the Federal Reserve at a cost of hundreds of billions of billions of billions of dollars in the costs of re -financing by not lowering prices.

Republican members of the FBI attacked the cost of renewal, as the Senate Banking Commission Chairman Tim Scott said it seemed out of touch when the ordinary Americans were struggling.

The billionaire owner Tesla Illon Musk also highlighted the cost of rebuilding, which started in 2021, during his period as head of the alleged Ministry of Efficiency of Trump (Dog).

The US Central Bank said in May that it will reduce its power operating by more than 10 percent to be “a responsible host for public resources.”

But Fior’s comments represent the first direct attack by Trump’s close ally.

Powell described the reports of the media related to reconstruction abuses as “inaccurate” and claimed in congress listening sessions that many of the features placed in the original plans – including private elevators, dissolution and ceiling terraces – have been canceled.

Bill Boute, the President of Trump, to the Federal Housing Agency, claimed that Powell’s certificate in Congress was misleading and invited him to resign in the re -published comments by the president, who echoed Polly’s call until the Federal Reserve Speaker resigned before the end of his second term in May 2026.

In the message related to X Post, Vogues said that Powell’s certificate raised “serious questions about the project’s compliance with the National Capital Planning law” where the notes of the Federal Reserve Chairman were involved in the project approved by the National Capital Planning Committee.

Phil Powell called to answer the questions that were raised in the letter within seven working days.

The Federal Reserve refused to comment.