White House opens new front in attack on Fed chief Jay Powell
Trump ally Russell Vought accuses US central bank of ‘ostentatious’ refurbishment of its headquarters
Trump ally Russell Vought accuses US central bank of ‘ostentatious’ refurbishment of its headquarters

Clash with central bank chief comes during tour of $2.5bn renovation project of institution’s headquarters

Current and former officials view the US president’s widening assault on the central bank with alarm

Trump administration objects to central bank project, alleging mismanagement by chair

Central bank chair’s decision to confront the president has bolstered the institution’s independence

Jay Powell expected to widen rift with Trump by keeping monetary policy unchanged at Wednesday’s meeting

US president insists Justice Department will not drop criminal probe into central bank chair