Fed Chair Powell Faces Scrutiny Over $2.5B HQ Renovation and Congressional Testimony
Fed Chair Jerome Powell is accused of lying to Congress about the $2.5 billion revamp of the Fed's Washington headquarters, with evidence suggesting the project includes lavish amenities like private dining rooms, water features, and roof terraces, contradicting his statements. The project has faced criticism for its high costs and perceived extravagance amid the Fed's financial struggles, prompting calls for congressional oversight and accountability.