A top Trump administration official accused Federal Reserve Chair Jerome Powell of leading an "ostentatious" office renovation project that may be "violating the law" on Thursday, a new broadside against the central bank chief as President Trump tangles with him over interest rates.

The Supreme Court said in May that it could block any attempts by the White House to dismiss Powell, noting as part of a separate ruling that the Fed “is a uniquely structured, quasi-private entity.”...

Republican members of Congress have attacked the Fed over the cost of the refurbishment, with Senate banking committee chair Tim Scott saying it appeared out of touch when ordinary Americans were str...

But their presence made a lot more sense when the new commissioners spoke up — and promptly took aim at one of Trump’s political foes, Federal Reserve Chair Jerome Powell. Powell has resisted Trump’s demands to lower interest rates.

Vought, in a letter he shared on social media, called the initial renovation plans featuring rooftop terrace gardens, VIP dining rooms and premium marble an “ostentatious overhaul.”