Fed Reserve Chair Jerome Powell responded to the Trump administration's inquiry about its $2.5 billion headquarters renovation, addressing concerns about cost overruns and project details.

President Donald Trump visited the Federal Reserve, emphasizing his desire for lower interest rates while criticizing the expensive renovation of its headquarters. Tensions with Fed Chair Jerome Powell highlight ongoing disputes over monetary policy and project costs,

Federal Reserve Chair Jerome Powell is facing pressure from all sides as the Fed’s banking regulation conference kicks off this week. President Trump has been threatening to fire Powell while

The Fed had initially offered an after-hours visit scheduled for Friday evening, which the White House rejected.

No one in office wants to do a major renovation of a historic building during their term in office,” he said in June. But Powell sees the project as necessary. According to the Fed’s information page on the project,