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Fed Chair Powell Responds to Criticism Over Headquarters Renovation
Fed Chair Powell Responds to Criticism Over Headquarters Renovation
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BTCCSquare news:
Federal Reserve Chair Jerome Powell addressed accusations of fiscal mismanagement regarding the $2.5 billion renovation of the Fed's headquarters. The WHITE House Office of Management and Budget had demanded answers after costs exceeded initial projections.
Powell's measured response emphasized transparency, directing critics to detailed project documentation on the Fed's website. The exchange highlights growing tensions between the central bank and TRUMP administration allies.
Controversial claims about luxury additions were firmly denied. No private elevators or exclusive dining facilities are included in renovation plans, according to Fed officials.
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