Why the Federal Reserve's building renovations are attracting the White House's ire - NPR

This NPR article discusses the controversy surrounding the Federal Reserve's costly renovation project in Washington, D.C., authored by multiple contributors. It highlights the growing tension between the Trump administration and Fed Chairman Jerome Powell, who defends the renovations amid escalating criticisms. The rising costs and perceived extravagance have added fuel to ongoing conflicts regarding the Federal Reserve's policies and actions.

• The renovation budget has increased from $1.9 billion to $2.5 billion, stirring criticism.
• Jerome Powell defends the project, citing unexpected costs and inflation.
• The Trump administration seeks more aggressive interest rate cuts and critiques Powell's leadership.
• Potential replacements and future leadership changes at the Fed are being speculated.