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Trump Budget Chief Vought Ramps up Criticism of Powell, Vows Investigation Into Fed Renovations

WASHINGTON, D.C., JUL 11 – Russell Vought accuses Federal Reserve Chair Jerome Powell of misleading Congress and oversees a $2.5 billion renovation with a $700 million cost overrun, prompting a formal investigation.

Summary by CNBC
Office of Management and Budget Director Russell Vought spoke Friday on CNBC's "Squawk Box."

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Anadolu Ajansı broke the news in Ankara, Türkiye on Friday, July 11, 2025.
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