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Powell Rebuffs Trump Administration's Critique: Fed's Renovation Rigorously Overseen
1 day ago /
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Author：小编
On July 17, Federal Reserve Chairman Powell penned a response to the Trump administration's senior officials who had accused the Federal Reserve of indulging in luxury and waste regarding the renovation of its headquarters. Powell clarified that the project has been meticulously overseen since its approval in 2017. He underscored the necessity of the renovation due to critical aging issues in the main and ancillary buildings, necessitating the replacement of hazardous materials and a comprehensive infrastructure upgrade. Powell further noted that the project design had been revised to curtail costs and prevent delays, with no substantial alterations made, thereby rendering a reevaluation unnecessary.
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