White House officials have pressured Federal Reserve Chairperson Jerome Powell, accusing him of gross mismanagement

A key Trump administration official said Federal Reserve chairperson Jerome Powell had grossly mismanaged the institution and demanded more information about the refurbishment of the Fed's Washington headquarters. "The president is deeply troubled by your management of the Federal Reserve System," Vought, director of the Office of Management and Budget, wrote in a letter to Mr. Powell. "Instead of attempting to correct the Fed's fiscal position, you have refurbished the Washington headquarters with great fanfare." The letter continued the tone of Mr. Trump, senior administration officials and some congressional Republicans, imposing greater scrutiny on Mr. Powell at a time when the Fed is facing widespread pressure to cut interest rates.