Powell’s $2.5B Fed revamp denial exposes his privileged arrogance

Jerome Powell , the chairman of the Federal Reserve Board Chair , told the Senate Banking Committee last week that the $2.5 billion renovation work at the central bank’s Washington headquarters was n’t done.

The pricey makeover comes when the Fed is hemorrhaging money — a stunning $233 billion in losses in three years .

Powell 's disdain for questions about the taxpayers having to shell out at least.