Powell asks for IG review after Trump administration flags Fed's costly building renovation

Federal Reserve Chair Jerome Powell has asked the central bank's inspector general to review the renovation of its historic headquarters in Washington, which Trump officials have seized on as a new way of criticizing the Fed's operations amid a push to compel Powell's resignation.Over the weekend, Powell reportedly asked Federal Reserve Inspector General Michael Horowitz to review the project — which has been beset by cost escalations compared to the renovation's pre-pandemic cost estimate. The news was first reported by Axios, while Reuters cited a source familiar with the request in a subseq