White House, Jerome Powell
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A senior Trump administration official said Friday that Fed Chair Jerome Powell is “considering resigning” as pressure grows for an investigation into whether he lied to Congress about the central bank’s “Palace of Versailles” renovations to its headquarters in Washington, DC.
Vought's accusation follows the pressure campaign President Donald Trump has fronted, pushing Powell to lower interest rates and has also played with the idea of replacing Powell as Fed chair. On Wednesday,
OMB Director Russell Vought fielded questions from reporters this morning about Federal Reserve Chair Jerome Powell.
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