In a cosmic twist of fate that could make even the stars raise an eyebrow, we find ourselves contemplating the astronomical renovation budget of the Federal Reserve—a staggering $2.5 billion! That’s right, folks; while we’re busy dodging astrological drama, it seems they’re busy decking out their headquarters with terrace rooftop gardens and VIP elevators, causing quite the stir in fiscal circles. Could Mercury in retrograde be to blame for this budgetary chaos? Or perhaps it’s just a case of extravagant taste clashing with economic reality? Either way, Office of Management and Budget Director Russell Vought isn’t holding back, highlighting the absurdity of spending $1,923 per square foot. For the price of a cozy mansion, we could have transformed the Fed into a modern-day Versailles—or at least given it a nice new coat of paint! Get ready to delve into the details of this eye-popping fiscal fiasco. Click to LEARN MORE.

On X (once known as Twitter), Office of Management and Budget Director Russell Vought wrote, addressing Jerome: “While continuing to run a deficit since FY23 (the first time in the Fed’s history), the Fed is way over budget on the renovation of its headquarters,” he began. “Now up to $2.5 billion, roughly $700 million over its initial cost. These renovations include terrace rooftop gardens, water features, VIP elevators, and premium marble. The cost per square foot is $1,923–double the cost for renovating an ordinary historic federal building. The Palace of Versailles would have cost $3 billion in today’s dollars!”

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