A source familiar with the matter told Axios that Powell directed Inspector General Michael Horowitz to examine the project’s costs.

Federal Reserve Chair Jerome Powell has asked the central bank’s inspector general to conduct an additional review of an ongoing $2.5 billion renovation of the institution’s headquarters that has drawn fire from President Donald Trump and others,

US Federal Reserve (Fed) chair Jerome Powell is asking the US central bank's inspector general (IG) to review the costs involved in the renovation of its historic headquarters in Washington, as Trump administration officials intensify their criticism of how the Fed is being run.

Trump sharpened his attacks on Powell, after a spate of name-calling and public expression of his desire for the Fed Chair to resign.