Jerome Powell denies extravagant spending; refutes claims

Federal Reserve Chair Jerome Powell refuted allegations of mismanagement in the Federal Reserve Board’s renovation project, responding to concerns raised by White House Budget Director Russ Vought. Amidst speculation of a potential removal attempt, Powell clarified that claims of extravagant features like rooftop gardens and luxury amenities were inaccurate. The project's costs and adherence to historical preservation standards are under scrutiny, with President Trump hinting at possible action.