Federal Reserve Chairman Powell responded to the White House budget director regarding the renovation of the Federal Reserve building, stating that the Federal Reserve Board considers transparency to be crucial; the review work has been ongoing since 2017, and the project inspector general is also reviewing the building renovation project. The collaboration with the National Capital Planning Commission has been constructive and robust, which has been voluntarily promoted by the Federal Reserve. The project changes since the approval by the National Capital Planning Commission (NCPC) have only been reductions and simplifications of the construction content, with no new elements added, and no further review is necessary. The project is large in scale, involving significant structural repairs, safety system upgrades, and the removal of asbestos and lead contamination.