Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bank’s building renovations that White House officials have attacked as “ostentatious."

Federal Reserve Chair Jerome Powell has reportedly asked the central bank’s inspector general to review its $2.5 billion headquarters renovation, a project that has become a key focus of escalating attacks from the Trump administration.

Kevin Hassett, an economic adviser to President Donald Trump, said that the Federal Reserve chairman had "a lot to answer for" about a pricey office renovation.