The Fed’s Cost Overruns – OpEd

“Fed Remodel Keeps Inflating” by Andrew Ackerman and Nick Timiraos (Wall Street Journal, March 6, 2023, p. A1) reports that the cost of renovating the Federal Reserve System’s Great Depression-era headquarters building now stands at $2.5 billion. Beset by runups in the costs of building materials, predictable construction...