Left Media Miss

Jerome Powell accused of lying to Congress over lavish $2.5B Fed headquarters renovation

July 1, 2025

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This story is a Media Miss by the left as 0% is from left-leaning media.

0% left coverage88% right coverage

Jerome Powell, Federal Reserve Chairman, is accused of lying under oath about a $2.5 billion renovation that includes lavish features, according to planning documents from 2021. Senator Cynthia Lummis criticized Powell’s testimony, labeling it as factually inaccurate and indicating he was unprepared to testify.

The renovation costs have surged by 30% from the original $1.9 billion estimate, reflecting poor financial management within the Fed. Planning documents contradict Powell’s claims, stating the project features amenities like private dining rooms and vegetated roof terraces.

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- Jerome Powell accused of lying to Congress over lavish $2.5B Fed Headquarters renovation
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Key points from the Right

Jerome Powell, Federal Reserve Chairman, is accused of lying under oath about a $2.5 billion renovation that includes lavish features, according to planning documents from 2021.
Senator Cynthia Lummis criticized Powell's testimony, labeling it as factually inaccurate and indicating he was unprepared to testify.
The renovation costs have surged by 30% from the original $1.9 billion estimate, reflecting poor financial management within the Fed.
Planning documents contradict Powell's claims, stating the project features amenities like private dining rooms and vegetated roof terraces.

Report an issue with this summary