The Federal Reserve’s headquarters renovation has exceeded $2.5 billion in cost, prompting criticism from President Donald Trump’s allies who are calling for an investigation into the project. The high price tag has drawn comparisons to a “swamp” where special interests thrive. White House officials have hinted at potential wrongdoing by Fed Chair Jerome Powell, fueling concerns about his job security due to his opposition to lowering interest rates this year.
Source: https://www.bloomberg.com/news/articles/2025-07-19/trump-s-attacking-powell-over-fed-renovation-here-s-why-it-costs-2-5-billion