Powell deals with Trump Management Problems due to the cost of renewal Federal Revovation
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The Federal Reserve in Thursday responded to Trump Adlumnistration research in the County Adcratins of the Central Banskon’s Fork of Washington, DC, headquarters.
Review of the headquarters of its headquarters, Mariner S. In Pretoring Mountain, and another building in the Mount of the Nation is responsible for the cost of cost, which continued approximately $ 2,5 billion.
Trump Allies use the investment update project to open the front earlier in the oppression of the Federal Reserve Heavell’s to cut the interest rates. Last week, administrative office (OMB) Russell allowed a letter to the Powell who inquiry of his witness and the alignment of the National Capital Plainless Commission (NCPC). It is also interested in extinguishing the fire with a cause.
Powell responded on Thursday, emphasizing that the FED established a public website explaining the project, including its goals, cost drivers and certain features. That followed Powell’s testimony before the Senate Banking committee last month, that critics suggested mislead.
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Marininer S. Ephsles Federal Reserve Building has caused the dispute between the Trump Advertisation campaign on the quality of the interest fed. (Samuel Corum / Bloomberg on Getty / Getty Photos)
The Chairperson noted that the FED management board had a project, while Central Bank Independent Worriented It was 2021. He also asked the IG to make a new project review this week.
“The project is very big to scale because it includes the renovation of two historical buildings in the 1930s stores,” said Powell. “Both buildings needed the main adjustment of the building and other facilities to make buildings, which includes the removal of the Fire Fire, and Fire Fire Finds and Fire Fire Finds and Fire Fire Finds and Fire Finding Programs and Fire Finding Programs and Fire Finding Programs and Fire Finding Programs and Fire Finding Programs and Fire Fire programs and fire acquisitions.
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FED repairs to a Marininer S. ECCLS Federal Reserve Building and structure on Constitution Avenue. (Al Dragon / Bloomberg with Getty / Getty Pictures)
Under the Federal Act, Central Bank has been granted on its property and renewal, and Powell explained that the designs were “voluntarily sent for project and received NCPC approval for projects at 2020 and 2021.”
“Although the board is under the management of the NCPC’s supervision in relation to its functions, voluntary and NCPC and the cooperation of the Commission in previous project phases,” wrote.
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The FED renovation project was first allowed in 2017, but the costs are very woke up from the epidemic. (Michael M. Santiago / Getty Photos / Getty Photos)
Powell also faced some questions raised by his book, some of which were addressed to the FED data page to its website.
He has indicated that, to build 1951 Constitution Avenue, a pre-soil line, referred to the “Garden Terrace” section of the fishery used for normal guidance.
Board of Public Power and Functions to Share Requirements for Best Powers (Samuel Corum / Bloomberg on Getty / Getty Photos)
Powell said there was “VIP dining rooms built as part of the project” and that Epcles’ structure has full use rooms on the conference floor and food meetings “
Mature book and questioned by the VIP, and Powell replied that “they are special, independent, or vip indicators formed as part of the project.”
The book of Powell noted that the real repair of the original marble rewrote and will use the home marble to replace it when needed. (Michael M. Santiago / Getty Photos / Getty Photos)
The chairman explained that both buildings were built of marble their seed and stones. The renovation to add original marble to re-use the home marble found in Georgia in areas where it was damaged or necessary to comply with historical preservation guidelines.
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Additionally, the Powell noted that when the first plans include new water features in the Constitution Avenue system, those completed sources in the EPCLES building is restored.
