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Federal Reserve Chair Jerome Powell has defended the central bank's $2.5 billion renovation project for its Washington headquarters in a letter to the White House. The letter, sent on Thursday, was a response to criticisms from a senior White House official regarding the scope and cost of the renovation. Powell emphasized that the project is essential and complies with federal oversight requirements. The renovation has drawn scrutiny from the Trump administration, but Powell maintained that the investment is necessary for the Federal Reserve's operational needs.
Jerome Powell defends $2.5 billion Federal Reserve renovation project amid criticism from the Trump administration https://t.co/ho7OBBWp19
Fed's Powell responds to White House on Fed headquarters renovation https://t.co/IavEbBvJRx https://t.co/IavEbBvJRx
El presidente de la Reserva Federal, Jerome Powell, en una carta publicada el jueves refutó las críticas dirigidas al banco central por un alto funcionario de la Casa Blanca sobre un proyecto de renovación de US$2.500 millones. https://t.co/SF3XB8pNC6 📸: Al Drago/Bloomberg https://t.co/1ip3wDkEog
