A Trump administration official is demanding answers from Federal Reserve Chair Jerome Powell over the central bank's renovations project amid the president's pressure on the Fed chair to cut interest rates.Office of Management and Budget (OMB) Director Russell Vought sent a letter to Powell on Thursday saying that President Donald Trump is "extremely troubled by your management of the Federal Reserve System."Vought wrote that the Fed has "plowed ahead with an ostentatious overhaul" of the central bank's headquarters and added, "Cost overruns aside (about $700 million and counting), the plans...

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