President Donald Trump's allies have identified the project as a potential opportunity to oust Fed Chair Jerome Powell.

Federal Reserve Chair Jerome Powell on Thursdayresponded to a Trump administration official's demands for information about cost overruns for a renovation project at the central bank's Washington headquarters campus,

U.S. Treasury Secretary Scott Bessent suggests an institutional review of the Federal Reserve amid President Trump's criticisms of Chair Jerome Powell over issues such as interest-rate decisions and budget overruns on a renovation.

The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue