Coverage dated September 30, 2026 to October 1, 2026
Fed watchdog says bank mismanaged renovation
Headline from Arkansas Democrat-Gazette
WASHINGTON -- The Federal Reserve's internal watchdog said Wednesday that the central bank has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as claimed by Trump administration prosecutors.
Arkansas Democrat-Gazette's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The Federal Reserve’s internal watchdog found no evidence of criminal wrongdoing in the central bank’s renovation of its Washington headquarters, a $2.4 billion project that became a flashpoint between the Fed and the Trump administration as the president pushed for lower interest rates last year.
The Federal Reserve’s watchdog said it found no grounds to believe federal law was violated in a project that drew criticism from President Donald Trump.
By Adam Cancryn, Matt Egan, CNN (CNN) — An inspector general review of the Federal Reserve’s headquarters renovation found no sign that then-Chair Jerome Powell broke the law or committed misconduct in his management of the costly project, even as it sharply criticized him and the central bank’s boa…
The Federal Reserve’s internal watchdog says that the central bank has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors.
The Federal Reserve’s internal watchdog said Wednesday that the agency has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors
The Federal Reserve inspector general also did not find fault with features the White House had complained were "ostentatious" and not compliant with the approved plans.
The Federal Reserve’s watchdog found that the institution did not “effectively manage” its renovations of the central bank’s headquarters in Washington, D.C., but found no grounds for a criminal probe into former Federal Reserve Chairman Jerome Powell on the matter.
Former Federal Reserve Chair Jerome Powell and Fed officials did not violate criminal law during their handling of the central bank’s ongoing multimillion-dollar renovation project, the Fed’s internal watchdog said in a Wednesday report.
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, acco…
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.
In our news wrap Wednesday, the Federal Reserve's Inspector General found no criminal activity by former Chair Jerome Powell related to the renovation of the central bank's headquarters, Pete Hegseth announced that the Pentagon will cut the number of its generals and admirals by roughly 20% and Ukra…
WASHINGTON -- The Federal Reserve's internal watchdog said Wednesday that the central bank has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as claimed by Trump administration prosecutors.
The Federal Reserve’s Inspector General on Wednesday said it found no grounds for a criminal referral or evidence of administrative misconduct tied to cost overruns in a US central bank renovation project.
WASHINGTON — The Federal Reserve's Inspector General on Wednesday said it found no grounds for a criminal referral or evidence of administrative misconduct tied to cost overruns in a central bank renovation project that drew scorn from President Donald Trump…
