Fed watchdog clears former chair Powell in renovation probe
First reported 30 Sept, 17:49 UTCUpdated 4d ago3 sources
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A Federal Reserve watchdog found no criminal wrongdoing by former chair Jerome Powell in its investigation of the central bank's expensive headquarters renovation, according to a report released on Wednesday. Why it matters: The findings effectively clear Powell after the Justice Department opened an unprecedented…
Excerpt from Axios
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Trump criticized $2.4bn rehab amid attempts to pressure then Fed chair Jerome Powell into lowering interest rates An internal watchdog said the Federal Reserve mismanaged costs associated with a $2.4bn renovation of its Washington DC headquarters, but noted that no criminal violations occurred, according to a report…
A Federal Reserve watchdog found no criminal wrongdoing by former chair Jerome Powell in its investigation of the central bank's expensive headquarters renovation, according to a report released on Wednesday. Why it matters: The findings effectively clear Powell after the Justice Department opened an unprecedented…
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- Federal Reserve watchdog finds no criminal violations for building renovation cost overruns (opens The Guardian in a new tab)
Trump criticized $2.4bn rehab amid attempts to pressure then Fed chair Jerome Powell into lowering interest rates An internal watchdog said the Federal Reserve mismanaged costs associated with a $2.4bn renovation of its Washington DC headquarters, but noted that no criminal violations occurred, according to a report…
- Fed watchdog clears former chair Powell in renovation probe (opens Axios in a new tab)
A Federal Reserve watchdog found no criminal wrongdoing by former chair Jerome Powell in its investigation of the central bank's expensive headquarters renovation, according to a report released on Wednesday. Why it matters: The findings effectively clear Powell after the Justice Department opened an unprecedented…
- Watchdog finds Fed mishandled renovations that Trump tried to oust Powell over (opens The Washington Post in a new tab)
The Fed’s watchdog found cost overruns but no evidence of criminal violations after the Justice Department dropped an investigation into the renovations earlier this year.
