According to ChainCatcher, Federal Reserve Chairman Powell has asked the Inspector General of the Federal Reserve to review the $2.5 billion headquarters renovation project. This project has become a focal point of attacks by the Trump administration.
Trump has placed loyalists on the National Capital Planning Commission, which oversees federal building design matters. Senior White House officials have suggested that the Federal Reserve's changes to the building violate relevant laws.
The Office of the Inspector General of the Federal Reserve has reviewed this project, and this review aims to reassess it amidst increased regulatory scrutiny.
