Fed Headquarters Renovation Sparks Debate: Powell Defends $2.5 Billion Budget as Necessary and Fiscally Responsible
The Federal Reserve’s $2.5 Billion Headquarters Renovation Draws Political Scrutiny
A proposed $2.5 billion renovation of the Federal Reserve’s historic headquarters is drawing political attention, with lawmakers questioning the scale and necessity of the project. In a rare move, Fed Chair Jerome Powell personally reached out to the White House to explain the rationale behind the overhaul. Powell emphasized that the renovation is both essential and compliant with all relevant regulations, assuring that the central bank remains committed to fiscal responsibility and rigorous oversight.
Curious how the Federal Reserve plans to balance preserving the building’s historic integrity while meeting modern operational needs? Click here to explore the full story.


