WARREN STATEMENT ON FED IG REPORT ON BUILDING RENOVATIONS

The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:

Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement on the Federal Reserve Inspector General's report on the Fed building renovations:

"Today, the Inspector General confirmed that Trump lapdogs U.S. Attorney Jeanine Pirro and Attorney General Todd Blanche have no basis to restart the President's witch hunt against former Fed Chair Jerome Powell. The President should quit trying to fire Fed governors to cover up for his economic failures and instead stop his chaotic tariffs and end his war in Iran.

"Like Trump's ballroom and his planned 250-foot triumphal arch, the Fed has overspent and underdelivered on its renovations. Today's report underscores something I have long pushed for: Congress must act to improve transparency and accountability at the Federal Reserve. In the meantime, Chair Warsh should swiftly implement the report's recommendations."