Coverage dated July 9, 2025 to July 13, 2025

Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul

Headline from WHEC Rochester, on the newest of 3 developments

Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank’s building renovations that White House officials have attacked as “ostentatious." The Fed has been renovating two of its office buildings in Washington for several years at a current cost estim…

WHEC Rochester's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Earlier updates in this story

Developments in this update

3 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

  1. White House targets Fed chair Jerome Powell over $2.5B DC HQ renovation: ‘Going to hold him accountable’

    Headline from New York Post ·

  2. CNBC Daily Open: Building renovations might be another front in Trump's attacks on Powell

    Headline from NBC 5 Dallas-Fort Worth ·

  3. Newest

    Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul

    Headline from WHEC Rochester ·

Read the reports

Reports & sources

10 articles, oldest first.

  1. New York Post

    White House targets Fed chair Jerome Powell over $2.5B DC HQ renovation: ‘Going to hold him accountable’ (opens New York Post)

    Published

    New York Post's feed description

    Federal Reserve Chairman Jerome Powell has a week to identify which federal law he violated, White House budget director Russ Vought informed him Thursday.

  2. NBC News

    White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation (opens NBC News)

    Published

    NBC News's feed description

    President Donald Trump’s budget chief on Thursday said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed” and suggested he had misled Congress about a pricey and “ostentatious” renovation of the central bank’s headquarters

  3. FOX Business

    Trump admin presses Powell over Fed's costly headquarters renovation project (opens FOX Business)

    Published

    FOX Business's feed description

    The Trump administration is investigating Fed Chair Powell's testimony about the central bank's renovation project as the president calls for Powell and the Fed to lower interest rates.

  4. NBC 5 Dallas-Fort Worth

    CNBC Daily Open: Building renovations might be another front in Trump's attacks on Powell (opens NBC 5 Dallas-Fort Worth)

    Published

    NBC 5 Dallas-Fort Worth's feed description

    Donald Trump’s budget chief accused Jerome Powell of shooting over the budget to renovate the Fed’s headquarters by roughly $700 million.

  5. WHEC Rochester

    Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul (opens WHEC Rochester)

    Published

    WHEC Rochester's feed description

    Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank’s building renovations that White House officials have attacked as “ostentatious." The Fed has been renovating two of its office buildings in Washington for several years at a current cost estim…

  6. NBC News

    Powell asks inspector general to review $2.5 billion renovation after Trump blasts Fed project (opens NBC News)

    Published

    NBC News's feed description

    The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue

  7. Fortune

    Powell asks inspector general to review $2.5 billion cost of Federal Reserve renovation (opens Fortune)

    Published

    Fortune's feed description

    The Fed has been renovating two of its office buildings in Washington for several years, $700 million more than originally expected

  8. CNN

    Under fire for cost overruns, Powell asks watchdog to review the Fed’s $2.5 billion renovation plan (opens CNN)

    Published

    CNN's feed description

    Federal Reserve Chair Jerome Powell has asked the central bank’s inspector general to formally review an ongoing $2.5 billion renovation of the institution’s headquarters in Washington, DC, according to a source familiar with the matter.

  9. FOX Business

    Powell asks for IG review after Trump administration flags Fed's costly building renovation (opens FOX Business)

    Published

    FOX Business's feed description

    Federal Reserve Chair Jerome Powell requested an inspector general review of the Fed's $2.5 billion headquarters renovation after Trump officials criticized cost overruns.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.