WASHINGTON: US Federal Reserve (Fed) chair Jerome Powell is asking the US central bank’s inspector general (IG) to review the costs involved in the renovation of its historic headquarters in Washington, as Trump administration officials intensify their criticism of how the Fed is being run.
“I have asked the board’s IG to take a fresh look at the project,” Powell told Senate Banking Committee chair Tim Scott and the panel’s top Democrat, Elizabeth Warren, in a letter dated Monday and viewed by Reuters.
