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Powell Reportedly Sent Senators Details On $2.5B Fed's Headquarter Renovation Project Weeks After Testifying
(MENAFN- AsiaNet News)
Jerome Powell reportedly wrote to senators last July with details about the Federal Reserve's $2.5 billion renovation project.
A report from The Financial Times said that Powell sent a four-page letter two and a half weeks after he testified to the Senate banking committee about the cost overruns on the project.
The Fed chair is subject of a criminal investigation by the U.S. Department of Justice over the testimony he delivered to the committee in June regarding the central bank's revamp of its headquarters.
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