The Fed’s $2.5 Billion Renovations, Political Fallout—What to Know

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The Fed’s $2.5 Billion Renovations, Political Fallout—What to Know

The Federal Reserve Bank in Washington on Jan. 14, 2025. Madalina Vasiliu/The Epoch Times

The Federal Reserve has been under fire over comprehensive renovations of the U.S. central bank’s headquarters in Washington.

President Donald Trump, senior administration officials, and scores of Republican lawmakers have criticized the Fed for overspending on the Marriner S. Eccles Building on the National Mall and 1951 Constitution Avenue.

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