Is Jerome Powell a liar or a fool?
The august chairman of the Federal Reserve Board Chair told the Senate Banking Committee last week, “There’s no VIP dining room, there’s no new marble. There are no special elevators” in the $2.5 billion renovation work at the central bank’s Washington headquarters. NY Post assistant editorial page editor Brooke Rogers shares this story.
“There are no new water features, there’s no beehives, and there’s no roof terrace gardens.”
In short, he categorically denied The Post’s reporting on the swanky “Palace of Versailles” redo — but without any explanation of why the project’s planning documents include all those features.
Those plans haven’t been revised since 2021, when the work began, with an estimated cost of $1.9 billion.
How did the price soar more than 30% if so many luxury items got dropped?
Read more at https://nypost.com/2025/07/01/opinion/powells-2-5b-fed-revamp-denial-exposes-his-privileged-arrogance/
The New York Post is your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more.
Check out our two new podcasts:
Pod Force One with MIranda Devine (weekly): https://www.youtube.com/@PodForce1
NY POSTcast (daily): https://www.youtube.com/@NYPOSTcast
Get The Post’s latest headlines everyday with our Morning Report newsletter:
https://tinyurl.com/NYPOSTSIGNUP
Catch the latest news at http://www.nypost.com.
Follow The New York Post on:
Twitter - https://twitter.com/nypost
Facebook - https://www.facebook.com/NYPost
--
Support podtube.me continuity as a free service. Become a Patreon or make an one-time donation
--
Video at Youtube: https://www.youtube.com/watch?v=fia2bI2QjSg