FILE PHOTO: U.S. President Donald Trump looks on as Jerome Powell, his nominee at the time to lead the U.S. Federal Reserve, ...

US Fed Chair Jerome Powell defends $2.5 billion headquarters renovation against White House ‘mismanagement’ claims, citing safety upgrades amid political pressure over interest rates.

Federal Reserve Chair Jerome Powell defended his answers in congressional testimony about the central bank’s building renovations in a letter Thursday that responded to questions raised by White House ...