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Fed Chair Powell seeks review of $2.5B Federal Reserve building renovations amid cost concerns.
Federal Reserve Chair Jerome Powell has requested an inspector general review of the central bank's $2.5 billion building renovations, criticized by the Trump administration as overly expensive.
The project, initially budgeted at $1.9 billion, has been marked up by unforeseen conditions like asbestos and higher costs for materials and labor.
The review aims to address transparency concerns and could influence future decisions on the project.
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El presidente de la Fed, Powell, busca una revisión de las renovaciones del edificio de la Reserva Federal de $ 2.5B en medio de preocupaciones de costos.