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Federal Reserve's $2.5B Expansion Faces Scrutiny and Criticism

7/14/2025

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Summary

Story summary

The Federal Reserve's ambitious $2.5 billion building expansion is under fire, with Fed Chair Jerome Powell calling for an inspector general review. Critics, including former President Trump, are voicing concerns over mismanagement and the project's staggering cost overruns, igniting a debate about accountability and spending practices within the institution.

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Story summary

The Federal Reserve's ambitious $2.5 billion building expansion is under fire, with Fed Chair Jerome Powell calling for an inspector general review. Critics, including former President Trump, are voicing concerns over mismanagement and the project's staggering cost overruns, igniting a debate about accountability and spending practices within the institution.