✉news BusinessBusiness first seen 2 d ago, last 2 d ago, peak #25
Final verdict delivered on Fed's costly headquarters renovation
Original: The final verdict is in for the Fed's troubled renovation and Jerome Powell
A final assessment has been issued on the Federal Reserve's long-criticised headquarters renovation in Washington, with scrutiny falling on Chair Jerome Powell over cost overruns and oversight of the project. The refurbishment drew repeated political attacks, with critics calling it an extravagant use of funds while the central bank kept interest rates elevated. The verdict reignites debate over Powell's management as the Fed weighs its next policy moves.
Why now: The long-awaited conclusion of the Fed headquarters renovation controversy puts renewed pressure on Jerome Powell amid ongoing debate over the central bank's spending and rate policy.
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