By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector general to review the costs involved in the renovation of its historic headquarters in Washington,

Federal Reserve Chair Jerome Powell requested an inspector general review of the central bank's $2.5 billion headquarters renovation after Trump officials criticized cost overruns.

The treasury secretary’s latest comments contrast with his earlier alleged role as peacemaker. The president, meanwhile, continued to rail against the Fed chief and the outlet that characterized Bessent as a cooler head prevailing.

Trump lambasted the Fed for its $2.5 billion renovation of its headquarters and another building ahead of a tour of the site.

Federal Reserve Chair Jerome Powell has asked an inspector general to review the cost of the central bank's building renovations that White House officials have attacked as "ostentatious."

Federal Reserve Chair Jerome Powell on Thursdayresponded to a Trump administration official's demands for information about cost overruns for a renovation project at the central bank's Washington headquarters campus,

Jerome Powell asks inspector general to review Fed’s $2.5B HQ revamp as Trump escalates attacks: report By Ariel Zilber Published July 14, 2025, 12:44 p.m. ET

Top opinion-shapers and decision-makers are expressing mixed views on the evolving conflict between the White House and the central bank.

Hours after President Donald Trump appeared to take the temperature down with Fed Chair Jerome Powell, the White House on Friday resumed its attacks on the central bank chief and its headquarters reno

Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank’s building renovations that White House officials have attacked as “ostentatious.".

Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector general to review the costs involved in the renovation of its historic headquarters in Washington, as Trump administration officials intensify their criticism of how the Fed is being run.