Trump calls for independent audit and Justice Department investigation into Federal Reserve building renovation
Trump claims reports regarding the ongoing investigation into the Federal Reserve building renovation are lies, praising the newly confirmed chairman for announcing an independent audit and calling for further Justice Department scrutiny into the project.
WASHINGTON D.C. — Donald J. Trump is demanding further Justice Department scrutiny and an independent audit of the massive cost overruns associated with the $2.4 billion renovation of the Federal Reserve headquarters in Washington.
Here is the full post on truthsocial: “The Fake News reports regarding the ongoing investigation into the disastrous renovation of the Federal Reserve Building are total lies. The newly confirmed Fed Chairman, Kevin Warsh, has announced an in depth, independent audit, and Attorney General Todd Blanche clearly stated that the Justice Department will investigate any and all evidence of wrongdoing. As this week’s Inspector General report detailed, this project is Hundreds of Millions of Dollars over budget, and way behind schedule, due to a total lack of leadership, oversight, and competence, of Jerome “Too Late” Powell. I look forward to learning the results of the professional audit and the DOJ investigation! Thank you for your attention to this matter. President DJT” on October 2, 2026 at 11:37 PM ET.
This is Trump’s 25th message released today, and the last post was 0 minutes ago, and it is not part of a thread. On average, Trump produces 17 posts per day since his inauguration on January 20, 2025. The move fits a broader pattern in Trump’s recent messaging, with 4 of his 284 posts over the last 30 days classified as Government Reform posts.
President Donald J. Trump posed at WASHINGTON D.C.
Daniel Torok / the White House
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A Federal Reserve inspector general report released on September 30, 2026, found widespread mismanagement but no criminal violations in the central bank’s headquarters renovation, according to theguardian. Construction costs for the project increased from an initially budgeted $921 million in February 2020 to $2.018 billion by December 2024, according to theguardian. The Justice Department previously dropped a criminal investigation into the matter in April, according to clickorlando. The inspector general noted that the board of governors repeatedly deviated from cost-management provisions, according to theguardian.
Zenger analysis
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President Trump is the author of Trump: The Art of the Deal, Trump: Think Like a Billionaire: Everything You Need to Know About Success, Real Estate, and Life, and Think Big: Make It Happen in Business and Life. Analyst and Trump supporter Rod Martin points to The Art of the Deal, Trump's 1987 book, as an explanation of his deal-making philosophy: making big announcements, pivoting often in public statements and, Martin says, ultimately getting what he wanted all along. Critics contend that Trump's books were published decades ago or were aimed at making money, not shedding light. "Generally," Martin said, "critics don't read The Art of the Deal. If they did, they would understand."