During a press gaggle on Thursday a reporter asked Office and Budget Management Director Russell Vought whether he had evidence that Federal Reserve Chair Jerome Powell had engaged in fraud in the renovation of the Federal Reserve's building.
00:00Hi director. Do you do you have evidence of venture Jerome Powell overseeing fraud or directing any lavish spending as part of this construction that would justify him being fired? We're going through the process right now. We the facts are very clear and he will attest to the facts. It's overrun by $700 million. Where we want to get a sense for is is the reasons why we want to get a sense for the difference between his statements and the plans that were submitted to the National Planning Commission. And then we'll
00:29see where we are. You might have missed it. We're trying to get a site visit myself, the National Planning Commission members, some senators that are concerned, Bill Pulte, the fantastic FHFA director. We want to go over there, take a tour and have some really good conversations with the Fed on this. They disputed the idea of any terrace gardens or VIP dining room. And that and that conflicts with their own policy plans that were submitted to the commission in your letter. In my letter, you'll see the page numbers for those
00:59We we we we have a building that is being horribly mismanaged and there is a ton of oversight that's
01:29already going on. We brought an added layer with our own commissioners that are now on the job and we're going to see where this takes us. But this is not something the American people should expect from their government. And it comes at the real world implication of us not having the Fed running a large S program that doesn't allow us to bring in the necessary resources to the Treasury.
