Trump vows to investigate Federal Reserve building renovation costs

10 articles · Updated · Fox News · Apr 25

President Trump questions why the Fed’s Washington, D.C. headquarters renovation cost $4 billion, far exceeding its $2.46 billion budget, and calls for the inspector general to continue the probe.
The DOJ investigation into Fed Chair Jerome Powell has been closed by U.S. Attorney Jeanine Pirro, but oversight now shifts to IG Michael Horowitz. Trump insists the inquiry is necessary for accountability.
The controversy has affected Kevin Warsh’s nomination to replace Powell, with Senator Thom Tillis delaying a vote until investigations conclude. Trump criticizes the project’s management, citing broader concerns over federal building costs.

What specific issues caused the Fed's renovation budget to balloon from an estimate of millions to over $2.4 billion?

Can Fed nominee Kevin Warsh truly deliver a 'regime change' without causing significant financial instability?

How would shrinking the Fed's balance sheet, as proposed by the nominee, affect everyday Americans' loans and savings?

With the probe now internal, what power does the Inspector General have to ensure a transparent investigation?