The National Capital Planning Commission has become pivotal in the administration’s campaign to discredit Jerome H. Powell, the chair of the Federal Reserve.
White House officials have focused their attention on the cost of renovating the Federal Reserve building, suggesting that the $2.5 billion makeover could be grounds for sacking Jerome H. Powell.
Russell T. Vought, the head of the Office of Management and Budget, said he and other administration officials wanted access to the Fed’s building in Washington.
President Trump’s budget director continued the administration’s pressure campaign against Jerome Powell, the Federal Reserve chair, seated, on Thursday.
The Trump administration is toying with removing Jerome H. Powell as chair of the Federal Reserve, accusing him of mismanaging a multibillion-dollar update to its Washington headquarters.
President Trump has seized on Jerome H. Powell’s renovation of the Federal Reserve’s headquarters as a potential reason to fire him, intimating that he engaged in “fraud.”
The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.
Looking around excitedly at the paintings on the walls around him, President Trump gave an impromptu history lesson to his cabinet about some of the men who lived in the White House before him.
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