✉news BusinessBanking first seen 17 h ago, last 7 min ago, peak #5
Powell cleared on Versailles renovation, still faulted as Fed Chair
Original: Jerome Powell off the hook for the ‘Palace of Versailles’ renovation — but he’s still guilty of being a lousy Fed Chair
Jerome Powell has been let off the hook regarding the costly renovation of the Federal Reserve headquarters, mockingly dubbed the 'Palace of Versailles'. A New York Post commentary argues he bears no blame for the project but still criticizes him harshly as a poor Federal Reserve Chair. Critics continue to link the lavish and over-budget building to broader complaints about the central bank's leadership and spending.
Why now: Ongoing criticism of the Fed's expensive headquarters renovation keeps Powell in the spotlight.
Jerome PowellFederal ReserveNew York Post
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- Jerome Powell off the hook for the ‘Palace of Versailles’ renovation — but he’s still guilty of being a lousy Fed Chair · New York Post
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