Trump slams Powell, Fed defends its makeover
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最新报道：The Federal Reserve took steps on Friday to address accusations from President Trump and his allies that Fed Chairman Jerome Powell misbehaved in managing the renovation of the Fed headquarters and then concealed the plans from Congress, according to a report from the Coinnet. In an update to its website late Friday, the Fed detailed content intended to support Powell's statements to lawmakers. The renovation project, which began in 2021, has exceeded its budget by $700 million and is expected to cost about $2.5 billion in total. The Fed said in a "Frequently Asked Questions" released on Friday: The Federal Reserve attaches great importance to fulfilling its responsibility to manage public resources. The project will enable the Federal Reserve Board to consolidate most of its business functions, thereby gradually reducing long-term operating costs. The entire project is a systematic renovation and modernization of two historic buildings that have never been fully renovated since they were built in the 1930s, including the restoration and updating of the buildings.
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