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You are currently viewing Fed Defends Renovations as Trump Administration Intensifies Attacks

The Trump administration has seized on the Federal Reserve’s renovation of its building in what legal experts say could be pretext to fire Jerome H. Powell, the central bank chair.

The Federal Reserve on Monday took additional steps to defend the renovations underway at its headquarters in Washington, as top Trump administration officials show little sign of backing down from allegations that the roughly $2.5 billion project has been mismanaged.

The central bank on Monday published a virtual tour of the active construction site, including footage of asbestos caulking being removed and the blast resistant windows being installed. The Fed, which has said that it has scaled back its initial plans, highlighted changes made to a 2021 proposal submitted to a little-known planning board.

The Fed’s renovation has become central to the administration’s attempts to undermine and potentially oust Jerome H. Powell, the chair of the central bank.

The White House has fixated on

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