White House budget chief Russell Vought on Thursday accused Federal Reserve Chair Jerome Powell of mismanaging the central bank’s budget during renovations, adding to President Trump’s criticism of Powell.

Vought, in a letter to Powell, said Trump is “extremely troubled” that he has “plowed ahead with an ostentatious overhaul” of the Fed’s headquarters in Washington, D.C. He said that costs of the renovations have reached about $700 million, and he pointed out the addition of “VIP dining rooms” and “premium marble” and that each employee will get an average of 512 square feet, which is above the Office of Management and Budget's (OMB) recommended 150 square feet.

Vought noted that Powell testified before Congress last month and denied the expensive additions were part of the renovations. He highlighted that Powell said some of factors of the renovations from the 2021 plan were........

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