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.

A source familiar with the matter told Axios that Powell directed Inspector General Michael Horowitz to examine the project’s costs.

Federal Reserve Chair Jerome Powell has asked the central bank’s inspector general to conduct an additional review of an ongoing $2.5 billion renovation of the institution’s headquarters that has drawn fire from President Donald Trump and others,

The Trump administration has used the pricey project as a means to attack Federal Reserve chair Jerome Powell.

As per the letter, some features including VIP elevators or dining rooms — which had drawn uproar from the government — had never been in the project's scope. Other features, such as the new water, were on the other hand,

Trump in April threatened to fire Powell, though he later backed off those threats after stock prices fell in response. The Supreme Court has since signaled that the president doesn’t have the authority to remove the Fed chair over a disagreement about interest rates.

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,

The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue