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Fed posts video tour, renovation details as White House intensifies attacks

WASHINGTON D.C., JUL 21 – The Trump administration plans a Washington visit to examine the $2.5 billion Federal Reserve renovation amid allegations of mismanagement and political pressure on Chair Jerome Powell.

  • On Monday, the Federal Reserve released a virtual tour, including footage of asbestos removal and window installation, after officials were given a `virtual site visit` instead of an on-site tour, James Blair said.
  • Last week, Powell explained the renovation includes safety upgrades and hazardous material removal, highlighting project scope, as Jerome Powell explained upgrades and material removal.
  • Pressing for access, White House officials requested an in-person visit this week, Vought said, and Scott plans to join.
  • Jerome Powell issued a defense letter, Russell Vought called the project `ostentatious`, while Anna Paulina Luna announced a DOJ referral.
  • Amid mounting rate tensions, the renovation could shape Fed independence, with President Donald Trump weighing removal and accusations of overreach.
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Firstpost News broke the news in Mumbai, India on Monday, July 21, 2025.
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