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Cynthia Lummis: “It's overrun its budget for its building renovation by at…”

Featuring: Cynthia Lummis, Republican | U.S. Senate Wyoming

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Published | Video Starts at 07:42

Democrats are saying they are okay with being complicit in the mismanagement of the Fed that we are seeing today. We're witnessing unprecedented mismanagement of the Fed. The Fed overrun. And it was just discussed by my colleague from Ohio. It's overrun its budget for its building renovation by at least 700 million. And chair Powell appointed the Inspector General who is now tasked with examining this fiasco. Do we expect the Fed's Inspector General to do anything other than immunize the Fed chair from further scrutiny and say everything's on the up and up? (07:42–07:48)

CLAIM

Asserts that the Federal Reserve has exceeded its building renovation budget by at least $700 million.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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