A few facts about the Fed’s $2.5b building renovation… This is the 7th year of a 9 year renovation of 2 historic buildings. If they demolished it, would have been cheaper. Historic preservations take longer and cost more. The Fed consulted with congressional oversight committee leadership before it all got underway. It was approved by the Fed Board, of all senate confirmed members, each year. The budget has been posted on the Fed web site. Fed Chair Powell testifies before the House and Senate committees twice a year and it has never been brought up.