News

Fed defends costly renovation project amid White House criticism that it was mismanaged
Investors don’t seem to give much credence to claims that cost overruns will give President Trump justification to oust Fed ...
Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul
Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank’s building ...
Jerome Powell asks inspector general to review Fed's $2.5B renovation project
The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue ...
Under fire for cost overruns, Powell asks watchdog to review the Fed’s $2.5 billion renovation plan
Federal Reserve Chair Jerome Powell has asked the central bank’s inspector general to conduct an additional review of an ongoing $2.5 billion renovation of the institution’s headquarters that has ...
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White House escalates pressure campaign on Federal Reserve by targeting its headquarters renovation
WASHINGTON (AP) — The White House is trying to turn the Federal Reserve into a poster child for wasteful spending, ...