Powell asks inspector general to review $2.5 billion renovation after Trump blasts Fed project
The Trump administration is investigating Fed Chair Powell's testimony about the central bank's renovation project as the president calls for Powell and the Fed to lower interest rates.
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The story so far
3 developments- Jul 10, 2025White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation
- Jul 11, 2025CNBC Daily Open: Building renovations might be another front in Trump's attacks on Powell
- Jul 14, 2025Powell asks inspector general to review $2.5 billion renovation after Trump blasts Fed project
Who covered each development
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Quiet for 442 daysLast development · Jul 14, 2025 — Powell asks inspector general to review $2.5 billion renovation after Trump blasts Fed project
The bigger story
Left
2 viewpointsUnder fire for cost overruns, Powell asks watchdog to review the Fed’s $2.5 billion renovation plan
Powell asks inspector general to review $2.5 billion renovation after Trump blasts Fed project
White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation
Center
3 viewpointsPowell asks inspector general to review $2.5 billion renovation after Trump blasts Fed project
Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul
CNBC Daily Open: Building renovations might be another front in Trump's attacks on Powell
Right
3 viewpointsPowell asks for IG review after Trump administration flags Fed's costly building renovation
Powell asks inspector general to review $2.5 billion cost of Federal Reserve renovation
Trump admin presses Powell over Fed's costly headquarters renovation project
White House targets Fed chair Jerome Powell over $2.5B DC HQ renovation: ‘Going to hold him accountable’