Trump’s budget head says the Fed Chairman Powell ruled the Central Bank

President Donald TrumpThe head of the budget on Thursday stated that Federal Reserve Chairman Jerom Powell “Fed tightly” and suggested that he had misleading Congress about the expensive and “demonstrative” update of the Central Bank’s Kokvatter.

Wide Management and budget management Director Russell Uc opened a new front in Trump war Words against Powell.

Trump has repeatedly called on the Fed chairman to reduce interest rates without success. He was reportedly considering the shooting of Powell, and most recently, publicly calling the replacement of the chairman months earlier than the end of Powell’s term next spring.

The vought letter raises the question of whether Trump will seek to remove Powell for at least allegedly.

But Supreme The recent decision has strongly suggested that the members of the Federal Reserve Council have special protection against the dismissal of the president.

“Continuing the deficit since FY23 (for the first time in the Fed History), the Fed exceeds the budget for repairing the headquarters,” Vus wrote in a message on the social media website X.

“Now up to $ 2.5 billion, approximately $ 700 million for their original expenses,” Wuts wrote. “The price per square foot is $ 1,923, the cost of reconstruction of the usual historic federal building. The Versailles Palace will cost $ 3 billion today!”

Vought’s tweet is related to the letter he directed Powell, which referred to the Fed boss testimony on June 25 before the Senate Bank Committee.

“Your testimony raises serious questions about the implementation of the capital planning law, which requires projects such as the reconstruction of the Fed Staff, were approved by the National Capital Planning Commission,” Wuts wrote.

“Plans for this project are designed to the Terrace gardens on the roof, private vip and elevators, water features, marble premium class and more,” he wrote.

But Powell, in his testimony, said, “No VIP dining room. There is no new marble. There are no new marble. No special lifts. There are no new water. There are no hives and no roof gardens,” Wuts writes.

“Although minor deviations from the approved plans may be inevitable, your testimony reveals that the project does not meet the approved plan for the basic design elements,” Vus writes.

“This will lead to the NCPC approval project and thus in the NCPA violation, and will require the Fed to stop construction immediately and get a new approval from NCPC before continuing.”

The letter asked Powell to answer 11 questions about the update project over seven working days.

The federal reserve system refused to comment on the Vought letter.

– Additional CNBC Report Jeff Cox