Powell asks for IG review after Trump administration flags Fed's costly building renovation
1. Powell requested an inspector general review of costly Fed renovations. 2. Trump administration criticized $2.5 billion renovation cost escalation. 3. Calls for Powell's resignation due to project budget overruns are intensifying. 4. Economic data should guide Fed's monetary policy, says Powell. 5. Renovations aim to preserve historic buildings; costs have exceeded initial estimates.