Why the Federal Reserve's building renovations are attracting the White House's ire

Construction work is done around the Federal Reserve building in Washington, D.C., on Sept. 17, 2024. The estimated cost of the project has jumped more than 30% in recent years, drawing criticism from the Trump administration and its allies.

The Fed's $2.5 billion headquarters renovation is attracting mounting criticism from the Trump administration, which had been already attacking the central bank for not cutting interest rates.

(Image credit: Anna Moneymaker)