A new "Frequently Asked Questions" page on the Federal Reserve's website defends the central bank's recent renovation project — and responds to many Trump administration criticisms of it. Office of Management and Budget Director Russell Vought slammed the renovation project and said he would pursue an investigation.

The Fed's $2.5 billion headquarters renovation is attracting mounting criticism from the Trump administration, which had been already attacking the central bank for not cutting interest rates.

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 and “ostentatiou