Trump indicated that Powell’s handling of an extensive renovation project on two Fed buildings could be grounds to fire him.

The Federal Reserve has offered key details of its expensive headquarters renovation project, which the Trump administration has invoked as potential grounds to try to fire Fed chair Jerome Powell. Why it matters: The White House appears to be using cost overruns in the $2.

U.S. Federal Reserve Chair Jerome Powell has asked the Fed board's inspector general to take a fresh look at the project aimed at overhauling Fed buildings, Politico reported on Monday, citing a letter to lawmakers by Powell.