Russ Vought Archives

July 18, 2025
International
World

Federal Reserve System controversy: Jerome Powell denies extravagant spending; refutes claims

Russ Vought (Image: X) and Jerome Powell (AP image) Federal Reserve Chair Jerome Powell sent a letter on Thursday to White House Budget Director Russ Vought, responding to allegations that he mismanaged the renovation of the Federal Reserve Board’s Eccles Building and the 1951 Constitution Avenue facility.The letter comes amid growing speculation that the Trump […]

July 14, 2025
International
World

Now, central bank chief targeted for ‘ostentatious’ Fed renovation costs

File photo: Federal Reserve Chair Jerome Powell (Picture credit: AP) WASHINGTON: US President Trump has the authority to fire Federal Reserve chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said Sunday, adding the Fed “has a lot to answer for” on renovation cost overruns at its Washington headquarters. […]