Federal Reserve’s Multi-Billion Dollar Renovation Sparks Accountability Questions Amid Political Pressure

Federal Reserve Chair Jerome Powell’s request for an inspector general to review the spiraling costs of the Fed's Washington office renovations reveals troubling signs about fiscal oversight within one of the nation’s most critical institutions. What started as a $1.8 billion project has now surged to an estimated $2.5 billion – a staggering $700 million increase that no hardworking American taxpayer or patriotic watchdog should ignore. While the Fed finances itself through bond interest and bank fees rather than direct taxpayer dollars, these excessive expenditures raise fundamental concerns about stewardship and accountability. In times when everyday Americans grapple with inflation...