<h2 class="topline-heading">Topline</h2><p>Office of Management and Budget Director Russell Vought accused Federal Reserve Chair Jerome Powell on Thursday of an “ostentatious” overhaul of the independent agency’s fiscal headquarters amid an increasingly aggressive campaign by President Trump to get Powell to step down from the job. </p><figure class="embed-base image-embed embed-0" role="presentation"><div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/6870098fabf9a250c3ffbe13/Semiannual-Monetary-Policy-Report/960x0.jpg?fit=scale" alt="Semiannual Monetary Policy Report" width="100%" height="auto"></div><figcaption><fbs-accordion classname="expandable" current="-1"><p class="color-body light-text" role="button">Federal Reserve Chairman Jerome Powell testifies during the Senate Banking, Housing and Urban <span class="plus" data-ga-track="caption expand">... More</span><span class="expanded-caption"> Affairs Committee hearing titled "The Semiannual Monetary Policy Report to the Congress," in Dirksen building on Wednesday, June 25, 2025. (Tom Williams/CQ-Roll Call, Inc via Getty Images)</span></p></fbs-accordion><small>CQ-Roll Call, Inc via Getty Images</small></figcaption></figure>

<div class="key-facts-element"><p><em>This is a developing story and will be updated.</em></p></div>

Trump reprised his calls for Powell to resign in a Cabinet meeting Tuesday.{ai:summary}<p>OMB Director Russell Vought criticized Federal Reserve Chair Jerome Powell for an extravagant renovation of the Fed's headquarters. This criticism comes amid President Trump's ongoing push for Powell to resign from his position. </p><p>#politics</p>

White House Now Blasts Jerome Powell Over Federal Reserve Renovations

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