Central bankers in Europe united around defending Jerome Powell spending $3 billion on renovating a building that should only cost a few hundred million $$$. There is no way to remotely justify the $3 billion expense on that size of a building. The Fed has lost over $200 billion since Covid due to losses on their bond portfolio and manipulation of the bond markets to control interest rates. So they are basically digitally creating the $3 billion to renovate the building.(Wall Street Mav)