Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations
Economy

Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations

Last updated: July 11, 2025 11:20 am
Share
Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations
SHARE

The Office of Management and Budget Director, Russell Vought, has recently announced plans to investigate the renovations at the Federal Reserve building, referring to it as a “palace” with costs spiraling out of control. In a move that could escalate tensions between President Donald Trump and Fed Chair Jerome Powell, Vought expressed concerns about potential misleading information regarding the $2.5 billion project.

During an interview on CNBC’s “Squawk Box,” Vought emphasized the need for transparency and accountability in the management of taxpayer funds, stating that the excessive costs and alleged mismanagement of the project reflect poorly on the leadership of the Federal Reserve. The investigation comes on the heels of a letter issued by Vought accusing Powell of gross mismanagement and providing misleading information to Congress about the scope and expenses of the renovations.

The ongoing feud between President Trump and Powell has been fueled by disagreements over monetary policy, with Trump calling for interest rate cuts and questioning Powell’s leadership. Vought echoed these sentiments, criticizing Powell for being slow to act on rate cuts and emphasizing the need for a change in direction at the Fed.

In response to the allegations, Fed officials have declined to comment, leaving the investigation to unfold in the coming days. Meanwhile, Trump has appointed three new members to the National Capital Planning Commission, the body overseeing the renovation project, raising questions about political influence in the decision-making process.

Despite the political undertones of the investigation, Powell has maintained that politics do not influence Fed rate decisions. The Supreme Court ruling preventing presidents from firing Fed officials at will adds a layer of complexity to the situation, but the accusations surrounding the building renovations could potentially provide grounds for Powell’s dismissal.

See also  Responsibility and Religion - Econlib

As the investigation unfolds, Vought has emphasized the need for accountability and transparency in the management of taxpayer funds. While the Federal Reserve Act grants the central bank sole control over its buildings, questions remain about the oversight of the renovation project and the role of the OMB in ensuring financial responsibility.

Overall, the investigation into the Federal Reserve building renovations marks a new chapter in the ongoing power struggle between President Trump and Fed Chair Powell. The outcome of the investigation could have far-reaching implications for the future of the Federal Reserve and its leadership. The sound of gentle waves lapping against the shore, the warmth of the sun on your skin, the smell of salt in the air – there’s something truly magical about spending a day at the beach. Whether you’re a seasoned beach bum or a first-time visitor, there’s no denying the allure of the sandy shores.

One of the best things about the beach is the sense of relaxation and rejuvenation it brings. The soothing sound of the waves can instantly calm a busy mind, while the feel of the sand between your toes can ground you and connect you to the earth. There’s a reason why so many people seek out the beach as a place to unwind and recharge – it’s nature’s own form of therapy.

But the beach is more than just a place to relax – it’s also a place to have fun and make memories. Whether you’re building sandcastles with your kids, playing beach volleyball with friends, or simply soaking up the sun with a good book, there’s no shortage of activities to enjoy at the beach. And let’s not forget about the water – whether you’re swimming, surfing, or boogie boarding, there’s a whole world of aquatic adventures waiting for you.

See also  Asian Stocks Swing as China Data Offset Fed Bets: Markets Wrap

Of course, no day at the beach would be complete without some delicious food and drinks. Whether you’re picnicking on the sand, grilling up some burgers and hot dogs, or treating yourself to an ice cream cone from the local shop, there’s something special about indulging in beachside fare. And let’s not forget about the iconic beach cocktails – nothing says vacation like sipping a fruity drink with a tiny umbrella in hand.

But perhaps the most magical thing about the beach is the sense of connection it brings. Whether you’re lounging on the sand with loved ones, chatting with strangers about the weather, or simply gazing out at the endless expanse of the ocean, there’s a sense of community and togetherness that can be hard to find elsewhere. The beach has a way of bringing people together, of breaking down barriers and creating shared experiences that can last a lifetime.

So the next time you’re in need of a little relaxation, fun, or connection, consider heading to the beach. With its soothing waves, endless activities, delicious food, and sense of community, it’s the perfect place to unwind and make memories. Whether you’re a seasoned beach bum or a first-time visitor, there’s something truly magical about spending a day at the beach.

TAGGED:budgetchiefcriticismFedinvestigationPowellRampsRenovationsTrumpVoughtVows
Share This Article
Twitter Email Copy Link Print
Previous Article Danger Season Disasters Hit People Hard Even as NOAA, FEMA Still Under Threat from Trump Administration   Danger Season Disasters Hit People Hard Even as NOAA, FEMA Still Under Threat from Trump Administration  
Next Article Man groped 3 women on CTA bus until passenger intervened: prosecutors Man groped 3 women on CTA bus until passenger intervened: prosecutors
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Breanna Stewart, Liberty even WNBA Finals series with Game 2 win over Lynx

The New York Liberty faced a challenging task of bouncing back after their heartbreaking Game…

October 13, 2024

Enforcing the Death Penalty Laws in the District of Columbia to Deter and Punish the Most Heinous Crimes

MEMORANDUM FOR THE ATTORNEY GENERAL                THE UNITED STATES ATTORNEY FOR THE DISTRICT                  …

September 25, 2025

Jake Paul future opponent”, “UFC 400

Jake Paul found himself in the spotlight once again after the groundbreaking inauguration of the…

May 24, 2025

What The U.S. Surgeon General’s Advisory On Alcohol Means For Americans

The latest advisory from Dr. Vivek Murthy, the 21st U.S. Surgeon General, has shed light…

January 25, 2025

A Crime Victim’s Right To Owning An Offender’s Name And Money

Highlights Crime victims may consider appealing to the courts for redress and financial compensation to…

August 27, 2024

You Might Also Like

Market analysts react to Trump-Xi meet
Economy

Market analysts react to Trump-Xi meet

October 31, 2025
29 truck carrier files Chapter 11
Economy

29 truck carrier files Chapter 11

October 31, 2025
NASA Chief Sean Duffy Schools Kim Kardashian on 1969 Moon Landing
Entertainment

NASA Chief Sean Duffy Schools Kim Kardashian on 1969 Moon Landing

October 31, 2025
Trust Government Statistics, Not Government
Economy

Trust Government Statistics, Not Government

October 31, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?