Federal Reserve's $2.5 Billion Renovation Project Under Scrutiny
#federal_reserve #renovation #white_house #jerome_powell #donald_trump
Fed's $2.5 Billion Renovation Project
The Federal Reserve is currently in the midst of a massive renovation project that has been met with scrutiny and criticism. The project, estimated to cost around $2.5 billion, aims to modernize the Fed's facilities and improve its operations. However, the White House has been using the project's cost overruns as a means to pressure Fed Chairman Jerome Powell. President Trump has been publicly criticizing the Fed and even considering dismissing Powell due to these cost overruns. This move has raised concerns about the independence of the Federal Reserve and the potential impact on the economy.
