The Federal Reserve defended its $2.5 billion headquarters renovation project in a detailed FAQ posted Sunday. It asserted ...

Kevin Hassett, an economic adviser to President Donald Trump, said that the Federal Reserve chairman had "a lot to answer for ...

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

The White House raised the specter of firing central bank head Jerome Powell over 'ostentatious' $2.4 bln renovations. Even if this flimsy ploy or other gambits to sway leadership work, there are 12 ...

Latest news and live updates as Trump announces the U.S. will send Patriot missiles to Ukraine and meets with NATO's ...

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell has asked an inspector general to review the cost of the central bank’s ...

Two top contenders to replace Jerome Powell slammed the Fed chair for a $2.5 billion renovation of the central bank’s ...

Federal Reserve Chair Jerome Powell has asked the central bank’s inspector general to formally review an ongoing $2.5 billion renovation of the institution’s headquarters in Washington, DC, according ...

The inspector general serves the Fed and the Consumer Financial Protection Bureau and is responsible for looking for fraud, waste and abuse. Powell's request was reported first by ...

No one welcomes construction disputes, but when the initiator is the President of the United States, it’s even less welcome.

At the urging of President Trump, Congress is expected to vote this week on whether to cut $500 million per year for public ...