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July 28, 2025

Trading a suit for boots and a hard hat: Behind the scenes at the Federal Reserve renovation

  • The $2.5 billion overhaul includes two 1930s-era buildings.
    • By CHRISTOPHER RUGABER
    AP Economics Writer

    Photo courtesy of the Federal Reserve [enlarge]
    The renovation covers the Marriner S. Eccles Building (pictured) and 1951 Constitution Avenue Building. The general contractor is a joint venture of Balfour Beatty and Gilbane Building Co.

    WASHINGTON — Typically I wear a suit and tie when visiting the Federal Reserve, one of the most powerful financial institutions in the world. But on Thursday, it was jeans, boots and a hard hat.


     
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