Fed pushes back on White House claims of extravagant renovations | Federal Reserve
The US Federal Reserve returns against its allegations that the White House has undergone an exaggerated renovation with a video tour showing the ongoing construction of the central bank.
Video, published On the Fed’s website, the project contains subtitles that explain that the project is “complete revision and modernization ında of two buildings that have not been renovated since the 1930s.
The Central Bank directly pushing from the Fed is rare because it tries to minimize public communication to maintain its non -partisan quality. In recent weeks, however, the Trump administration significantly increased attacks on the central bank, especially his chair Jerome Powell.
The White House, approved in 2017 and estimated to cost $ 1.9 billion in 2019, the FED, the wrong managed funds for renewal is estimated to be closer to $ 2.5 billion – Donald Trump, “Family Possible”.
According to the FED, the construction contains “asbestos and lead contamination and relieving modern workplace technology, healing and updates to make buildings safe, healthy and effective places”.
The Central Bank also contained a CNS that responded directly to the accusations of the Trump administration.
The Fed said, yeni The new VIP dining room is not built as part of the project, ”the Fed said. “There are renewed and protected conference halls in the building. They are also used for dining time meetings.”
Since the beginning of the second period, Trump is trying to reduce the Fed to interest rates, even if the Central Bank has resisted in the light of irregular tariff policies. As the fed refused to bud, he made it clear that he wanted to expel Trump Powell. However, the Supreme Court argued that the abolition of Powell could be unlawful and Wall Street investors were contrary to this idea.
The Trump administration seems to have been grasped to the FED building renovations as a possible solution. “It’s not likely unless you have to leave for fraud,” Trump said, when asked if he’s going to fire Powell last week.
The attacks from the White House continue. US Treasury Secretary Scott Bessent, on Monday, CNBC “The whole federal reserve institution and whether they are successful” should be examined. Florida representative Anna Paulina Luna at the Congress directed Powell to the Ministry of Justice and accused him of being oath to renew.
