The White House is escalating its pressure campaign to get the Federal Reserve chairman to either lower interest rates or quit his post by targeting the expensive renovation at the central bank’s head

Office of Management and Budget Director Russ Vought ratcheted up pressure on Federal Reserve Chairman Jerome Powell on Thursday, accusing him of having “grossly mismanaged” the central bank. Vought sent a letter to Powell probing him with questions over the renovation of the Fed’s headquarters in Washington,