US Politics

The Fed’s $2.5 Billion Renovations, Political Fallout—What to Know

‘But this is not an uncommon thing,’ Federal Reserve Governor Christopher Waller says.
The Fed’s $2.5 Billion Renovations, Political Fallout—What to Know
The Federal Reserve Bank in Washington on Jan. 14, 2025. Madalina Vasiliu/The Epoch Times
Andrew Moran
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The Federal Reserve has been under fire over comprehensive renovations of the U.S. central bank’s headquarters in Washington.

President Donald Trump, senior administration officials, and scores of Republican lawmakers have criticized the Fed for overspending on the Marriner S. Eccles Building on the National Mall and 1951 Constitution Avenue.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."