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The Guardian - US
The Guardian - US
Business
Lauren Aratani

Fed pushes back on White House claims of extravagant renovations

a man in a suit speaks into a microphone while seated
Jerome Powell testifies during a Senate hearing in Washington DC on 11 February 2025. Photograph: Michael Brochstein/Zuma Press Wire/Rex/Shutterstock

The US Federal Reserve is pushing back against claims from the White House that it is undergoing extravagant renovations with a video tour showing the central bank’s ongoing construction.

The video, posted on the Fed’s website, includes captions explaining that the project is a “complete overhaul and modernization” of two buildings that have not had major renovations since the 1930s.

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