Reported about 6 hours ago
Federal Reserve Chair Jerome Powell responded to inquiries from a Trump administration official about the renovation costs at the Fed's Washington headquarters, emphasizing the project's necessity for safety upgrades. Powell reassured that the project has been rigorously managed since its 2017 approval and defended against accusations of extravagance, stating it did not involve luxurious features. While some lawmakers have called for his resignation, others supported his position, highlighting the importance of the Fed's independence.
Source: YAHOO