President donald trump has criticized the projects cost overruns. The federal reserve has been undergoing building renovations since 2021 on a project first approved in. Yahoo is using openai to generate summaries for this content. Whats going on with a historic building renovation? Ai-generated content sometimes contains inaccurate or incomplete information. · the project and powells testimony came under scrutiny by the trump administration last year, with office of management and budget chair russell vought accusing powell of leading an ostentatious. · the us justice department has launched a criminal investigation into federal reserve chair jerome powell over $2. 5b fed hq renovations and his refusal to lower interest rates under trump. Why did the federal reserve make renovations? · 5 things to know about fed’s building renovations at the center of trump’s fight with powell fed chair powell, in a video, said that the us justice department served the central bank with subpoenas and cautioned that the department could issue a criminal indictment. · the justice department has subpoenaed the fed over chair jerome powells testimony over the central banks headquarters renovation. How much did renovations cost? Powell calls it part of a pressure campaign over interest rates. · the investigation focuses on powell’s oversight of the bank’s headquarters renovation. Click on a trending topic to learn more about it. · federal reserve chair powell under criminal investigation over hq renovation investigation focuses on whether powell was truthful about $2. 5b project during congressional testimony How much did renovations cost in 2025? · the federal reserve is three years into renovating its historic buildings.
