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Fed Watchdog Clears Powell in Renovation Probe

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Insights by Echo AI

The Federal Reserve's internal watchdog found no criminal wrongdoing by former chair Jerome Powell in the costly renovation of the central bank's headquarters. The report criticized the Fed's management of the project, which saw costs more than double to $2.5 billion, but cleared Powell of any misconduct. The renovation became a flashpoint between President Trump and Powell before Powell stepped down in May.

Source coverage

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RSS

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20 Sources

  1. NBC News avatar

    NBC News

    RSS / @feeds.nbcnews.com/feeds/topstories

    Watchdog finds no criminality in Fed renovation that drew Trump’s scru...

  2. NBC News avatar

    NBC News

    RSS / @feeds.nbcnews.com/feeds/topstories

    Watchdog finds no criminality in Fed renovation that drew Trump’s scru...

  3. Wall St Engine avatar

    Wall St Engine

    X / Twitter / @wallstengine

    Fed watchdog clears Jerome Powell over the Fed’s headquarters renovati...

  4. Julie Kelly avatar

    Julie Kelly

    X / Twitter / @julie_kelly2

    Lots of news today. Federal Reserve IG Michael Horowitz (yes, him) ju...

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