U.S. media: Powell asks Fed inspectors to review renovation costs

According to ChainCatcher news, citing AXIOS, a source familiar with the matter stated that Federal Reserve Chairman Powell has requested the Fed's Inspector General to review its $2.5 billion headquarters renovation project ------ which has become a focal point of attacks from the Trump administration. Recently, Trump has placed loyalists on the National Capital Planning Commission (NCPC) ------ which has the authority to oversee federal building design matters. A senior White House official hinted that the Fed's changes to the building violate the relevant laws governing the NCPC. The Fed's Inspector General's office had previously reviewed this long-term planning project, but this review aims to reassess it amid increased regulatory scrutiny.