Fed's $2.5B Renovation Over Budget by $700M, Powell Faces Political Scrutiny
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 12 2026- Renovation Budget Review: The Federal Reserve's renovation project under Chairman Powell has a budget of $2.5 billion, with cost overruns of $700 million; while no criminal investigation exists, political scrutiny may impact Powell's leadership role, potentially affecting monetary policy decisions.
- Tense Political Environment: Donald Trump has criticized Powell's management, and although Powell emphasizes cost reductions and disputes claims of luxury add-ons, the tense political climate could lead to market reactions regarding Fed policy, particularly in the cryptocurrency sector.
- Market Volatility Analysis: Bitcoin remains steady at $90,709.39 despite a 21.29% decline over the past 90 days, with a 40.80% surge in 24-hour trading volume, indicating ongoing market volatility that may be linked to potential changes in Fed policy.
- Historical Context Review: Historically, political pressures, such as during the Nixon administration, have influenced Fed leadership, and while the current situation lacks a criminal context, it could still have significant implications for monetary policy.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
