Omb Director Russ asks concerns with Fed’s Fed Price concerns in ‘Kollo.’
the Federal Reserve Thursday the question of the Trump administration was answered in Central Bank’s Roses in Washington, DC, headquarters in the efforts of forcing interest rates.
The healing of the pedquarters in its headline, the Marriner S. Eccles Building, and another country’s capital building experienced the estimated cost from $ 1.9 billion before Covid Cantemic up to $ 2.5 billion.
Trump alloys use over-budget renovation project to unlock a new front in an effort to force the Federal Relive Chair Jerome Powell to cut interest rates. Last week, the Office of Management and Budget (OMB) Director of Budget (OMB) demanded by a letter of inquiry about his plans submitted to the National Capital Planning Commission (NCPC). It also floats as a pretext of Fire Powell for “causes.”
Powell replied Thursday, finding the FED building a public website that plotted the project, including its purposes, with cost drivers. Powell’s proof was followed before the Senate Banking Committee last month, where critics suggested.
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The Marriner S. Eccles Federal Reserve Building has created controversy between Trump Administration’s pressure campaign. (Samuel Corm / Bloomberg through Getty / Getty Images images)
Chairman mentioned the board of governors of governors of provereign governors, while the independent central bank Inspector General It was evaluated by 2021. He also asked the IG to conduct a fresh project review this week.
“The project is great in the scope because it involves renovating the two historical buildings in the national mall first built in the 1930s,” Powell explained. “Both buildings require significant structure repair and other updates to safely build buildings, healthy and effective workplaces, including removal of asbestos and lead Contamination, complete replacement of systems that are unprofitable as electricity, indulgence, heating, ventilation and air conditioning and fire control systems. “
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The Fed is the repair of the Marriner S. Eccles Federal Reserve Building and a building of Constitution Avenue. (AL DRAGO / Bloomberg through GETTY / GETTY IMAGES) images)
Under the Federal Law, the central bank was given the authority of its buildings and their recovery, and Powell explained that Powell approval and searching for NCPC approval in two 2020 and 2021. ”
“Although the board is not usually subjected to NCPC direction related to its construction projects, we voluntarily cooperate with the NCPC and have the work of the Commission in the first stages of the project,” he wrote.
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The Fed Renoze project was originally approved in 2017, but the costs were resurrected because the pandemic. (Michael M. Santiago / Getty Images / Getty Images)
Powell also mentions specific questions that his letter is produced, which some directed on the Project Information Page is the FED posted on its website.
He explained that, in the 1951 Constitution Avenue Building, the front level of the land is the wasted wastef used in “debt breads
The Board of Governors of Governors and Independent Inspectors in general have a management of renovations. (Samuel Corm / Bloomberg through Getty / Getty Images images)
Powell says there is “no dining crafts built as part of the project” and that’s the The establishment of eccles There are “historical multi-used rooms on the 4th floor used as conference rooms and for meal meetings” “healed and kept.”
Vopop’s letter also asks about VIP elevators, and Powell answers with “not special, private, or VIP elevators built as part of the project.”
Powell’s letter finds the fixes of the original marble marble to install install and use domestic marble to replace it as needed. (Michael M. Santiago / Getty Images / Getty Images)
The chairman explained that both buildings were originally built with marble on their facades and stonwork. Healing the fixes of the original marble reinstalling and use domestic marble from Georgia in places where the original damages or should follow the historical preservation instructions.
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In addition, Powell said that as the initial designs include new constitutional constitutional connection, while the church sources were deleted.
