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flag Fed Chair Powell seeks review of $2.5B Federal Reserve building renovations amid cost concerns.

flag 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. flag The project, initially budgeted at $1.9 billion, has been marked up by unforeseen conditions like asbestos and higher costs for materials and labor. flag The review aims to address transparency concerns and could influence future decisions on the project.

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