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Powell asks Fed to review costs of renovation project, which has become a focus of Trump's attacks

2025-07-14 12:26

Odaily News Federal Reserve Chairman Jerome Powell has asked the Fed's inspector general to review its $2.5 billion headquarters renovation project, which has become the focus of attacks by the Trump administration, according to a person familiar with the matter. The inspector general's office has previously reviewed the long-planned project, but this review is intended to reassess it at a time of increased supervision. (Jinshi)