TechFlame: An important Trump administration official said that Federal Reserve Chairman Powell seriously mismanaged the agency and requested more information on the renovation of the Federal Reserve's Washington headquarters. “The President is deeply uneasy about your management of the Federal Reserve System,” Vought, the director of the US Office of Management and Budget, wrote in a letter to Powell. “You are not trying to fix the Federal Reserve's fiscal situation, but rather renovating the Washington headquarters with great fanfare.” The letter continued the tone of Trump, senior administration officials, and some congressional Republicans, and imposed greater scrutiny on Powell. Currently, the Federal Reserve is facing widespread pressure to cut interest rates.