The White House budget director, Russell Vought, told reporters that the administration wanted to have an on-site inspection of the Fed’s troubled $2.5bn building renovations amid a feud between US Pr

Russell T. Vought, the head of the Office of Management and Budget, said he and other administration officials wanted access to the Fed’s building in Washington.

Federal Reserve Chair Jerome Powell in a Thursday letter countered criticisms leveled at the central bank by a top White House official over a $2.5 billion renovation project.