The White House criticizes the Federal Reserve’s $2.5 billion headquarters renovation, highlighting the central bank’s self-funded operations through interest income from government securities, unlike federal departments that rely on taxpayer dollars. President Trump and Fed Chairman Powell disagreed over the renovation’s cost, with Trump’s allies suggesting grounds for ousting Powell. The Fed’s income primarily comes from assets like Treasury bonds, mortgage-backed securities, and foreign currency investments, as well as service fees. When costs exceed income, the Fed issues a deferred asset, which has grown as interest rates rose, but will be repaid when income surpasses losses.

Read more at Yahoo Finance: Here’s how the Federal Reserve funds itself, including renovations, without taxpayer dollars