Federal Reserve quietly responds to Trump administration attacks over renovation
1. Fed chair Powell faces criticism from Trump administration over renovation costs. 2. Renovation project estimated to cost $2.5 billion, with $700 million over budget. 3. Powell pushes back against claims of mismanagement and political pressure. 4. Fed's website clarifies project details, denying extravagant features. 5. Investigation into Fed’s renovations suggested by Trump's OMB Director Vought.