The White House intensified its attacks on Federal Reserve Chairman Jerome Powell, blasting his plans to renovate the central bank’s headquarters as egregious and comparing it to the Palace of Versailles in France.
The latest broadside by the White House Office of Management and Budget Director Russell Vought could be laying the groundwork for President Trump to fire Mr. Powell for alleged mismanagement or malfeasance. Mr. Vought suggested to reporters that Mr. Powell misled Congress about the cost of the pricey renovation.
“We have substantial questions with the testimony he gave to the Hill in response to questions about the building,” Mr. Vought said of the Fed chair. “He has articulated that there have been material changes to the National Capital Planning proposal that was approved, and so we want to get to the bottom of [his] statements as compared to various parts of the plan.”
On Thursday, Mr. Vought