Powell responds to building renovation matter

According to Golden Finance, Federal Reserve Chairman Powell responded to the White House budget director's concerns about the renovation of the Federal Reserve building, stating that the Federal Reserve Board considers transparency to be crucial; The review work has been ongoing since 2017, and the project supervisor is also reviewing the building renovation project. The cooperation with the National Capital Planning Commission is constructive and robust, and it is voluntarily promoted by the Federal Reserve. The project changes approved by the National Development Commission (NCPC) have only reduced and simplified the construction content, without adding any new elements, and do not require further review. The project has a large scale, involving major structural repairs, safety system and other system upgrades, as well as the removal of asbestos and lead pollution.