(Reuters) -Federal Reserve Chair Jerome Powell on Thursday responded to a Trump administration official's demands for information about cost overruns for a renovation project at the central bank's Washington headquarters campus,

Federal Reserve Chair Jerome Powell defended the costs of renovation at the central bank's Washington campus, citing essential safety upgrades. The project has been criticized by the Trump administration as excessively expensive.

Federal Reserve Chair Jerome Powell has responded to Trump administration criticism over the ongoing renovation of the Feds Washington headquarters, defending the project as essential and properly managed.