President Donald Trump’s budget chief on Thursday said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed” and suggested he had misled Congress about a pricey renovation of the central bank’s headquarters. The broadside by Office of Management and Budget Director Russell Vought opened up a new front in Trump’s war of words against Powell. Trump has repeatedly called on the Fed chairman to cut interest rates, without success. “While continuing to run a deficit since FY23 (the first time in the Fed’s history), the Fed is way over budget on the renovation of its headquarters,” Vought wrote in a ... (full story)