Economy

The $2.5 billion renovation at the center of the DOJ's criminal investigation of the Federal Reserve

January 12, 2026

The Department of Justice is investigating the Federal Reserve's $2.5 billion renovation of its headquarters, focusing on potential misuse of funds and political pressure from the White House. This scrutiny raises concerns about the independence of the Federal Reserve amid allegations of interference in its operations.

The $2.5 billion renovation at the center of the DOJ's criminal investigation of the Federal Reserve

Credit: Nbcnews

Key Highlights

DOJ served subpoenas to the Federal Reserve regarding its renovation.
The renovation project cost $2.5 billion and has been ongoing for several years.
Concerns have been raised about political pressure from the White House on the Federal Reserve.
The investigation questions the independence of the Federal Reserve as a governmental institution.

Sources

The $2.5 billion renovation at the center of the DOJ's criminal investigation of the Federal Reserve

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

The $2.5 billion renovation at the center of the DOJ's criminal investigation of the Federal Reserve

Key Highlights

Sources

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