Investigation Launched Into Federal Reserve Building Renovation

The United States House Committee on Financial Services has initiated a probe into the renovation of the Federal Reserve's building, sparking widespread interest and concern.

Behind the Scenes of the Probe

Sources reveal that House Representative Dan Meuser from Pennsylvania's 9th district, alongside committee chair French Hill, is drafting a letter to formally table the investigation. This move underscores the growing scrutiny over the project's funding and execution.

White House and Presidential Concerns

The investigation gains momentum as the White House and President Donald Trump express concerns regarding the allocation of funds for the renovation. Additionally, this development occurs against the backdrop of Trump's public disagreements with Fed Chair Jerome Powell over the bank's interest rates, adding another layer of complexity to the situation.