Federal Reserve quietly responds to Trump administration attacks over renovation - CNBC

The article, written by a CNBC reporter, explores the escalating tensions between the Trump administration and the Federal Reserve, focusing on criticisms of Fed Chair Jerome Powell and a controversial $2.5 billion renovation project. The piece highlights public criticisms from Trump's budget chief, Russell Vought, and the Fed's efforts to defend its renovation plans via its FAQs page.

• Trump administration intensifying criticism against the Fed and Jerome Powell.
• Federal Reserve publishes an FAQ defending its $2.5 billion renovation project.
• Russell Vought criticizes the project as an extravagant undertaking.
• Fed clarifies that no taxpayer money is used for the renovations.

This article provides insight into the ongoing conflict between political pressure and the Fed's autonomy, exploring how both entities navigate public perception and policy decisions amidst claims of mismanagement and political interference.