Construction on the Marriner S. Eccles Federal Reserve building in Washington, DC is under review by the inspector general following cost overruns. President Donald Trump and others have criticized the $2.5 billion project, citing “fundamental mismanagement.” The Fed has defended the renovations, citing safety and modernization needs. Former Fed Governor Kevin Warsh called the costs “outrageous.”
Read more at CNBC: Fed Chair Powell asks inspector general to review controversial building project