The Fed is self-funding and doesn’t need outside approval for building projects, according to the law that created the central bank.

Two top contenders to replace Jerome Powell slammed the Fed chair for a $2.5 billion renovation of the central bank's headquarters. One says the Trump administration is examining whether it can fire the policymaker,

A top White House budget official said President Trump is "troubled" by Federal Reserve chair Jerome Powell's management, as Mr. Trump pressures him over interest rates.