Powell calls for Federal Reserve inspectors to review renovation costs, which have become a focal point of Trump's attacks

ChainCatcher news, according to Jinshi citing AXIOS reports, a source familiar with the matter said that Federal Reserve Chairman Powell has asked the Fed's Inspector General to review its $2.5 billion headquarters renovation project------which has become a focal point of attacks from the Trump administration.

Recently, Trump has placed loyalists on the National Capital Planning Commission (NCPC)------the commission has the authority to oversee federal building design matters. A senior White House official hinted that the Fed's changes to the building violate the relevant laws governing the NCPC. The Fed's Office of Inspector General had previously reviewed this long-term planning project, but this review aims to reassess it amid increased regulatory scrutiny.