Jerome Powell responds to White House demands for – Business News
Federal Reserve Chair Jerome Powell on Thursday responded to a Trump administration official’s demands for details about price overruns for a renovation project on the central bank’s Washington headquarters campus, saying the project was massive in scope and concerned a quantity of security upgrades and unsafe supplies removals.
“As explained on the Board’s public website, we take seriously the responsibility to be good stewards of public resources as we fulfill the duties given to us by Congress on behalf of the American people,” Powell wrote in his letter to Office of Management and Budget Director Russell Vought. “We have taken great care to ensure the project is carefully overseen since it was first approved by the Board in 2017.”
Fed Chair Jerome Powell wrote a letter to Office of Management and Budget Director Russell Vought. Getty Images
Vought demanded solutions from Powell to a collection of questions concerning the project. Getty Images
Vought final week demanded solutions from Powell to a collection of questions concerning the project, which has emerged because the newest line of assault towards Powell by the Trump White House.
