Not Fed chief Jerome Powell. You’d think the people in charge of the money supply and managing the economy would be judicious in their spending habits, and watch their Ps and Qs.

It turns out the $2.5 billion for the renovation of the Fed’s palatial headquarters in Washington is only the continuation of a pattern of wild spending.  This chart shows that the Federal Reserve budget has almost quadrupled since 2000. Overall prices are up 50% versus 300% for the Fed’s operating costs.

Someone ought to remind Chairman Powell of the maxim that “charity begins at home.”