Fed Responds to Criticism Over $2.5 Billion Renovation

Fed Responds to Criticism Over $2.5 Billion Renovation

The Federal Reserve building in Washington on Jan. 26, 2022. Joshua Roberts/Reuters

The Federal Reserve updated its frequently asked questions section in an apparent response to the Trump administration’s criticism of its multi-billion-dollar building renovation plan amid brewing tensions over interest rates.

The Federal Reserve is undertaking a major rehaul of facilities and structural work of the Marriner S. Eccles Building, with current cost estimates at around $2.5 billion, according to Office of Management and Budget (OMB) Director Russ Vought.

Original News Source Link – Epoch Times

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