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

From nypost.com

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. “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 ... (full story)