No criminal wrongdoing in Federal Reserve building renovation, watchdog says, but it was mismanaged
5 sources·Updated September 30, 2026
Federal Reserve renovation
Covered by 5 sources
- Financial Times·7h agoTrump says Powell should resign after Fed watchdog clears ex-chair of misconduct
Inspector-general cites ‘deficiencies’ in management of $2.5bn renovation project but finds no evidence of criminal wrongdoing
Read at Financial Times → - Al Jazeera·8h agoUS Fed watchdog finds no criminal wrongdoing in Powell-era renovation costs
Trump said former Fed chair Jerome Powell should resign anyway.
Read at Al Jazeera → - NYT Business·10h agoFed’s Watchdog Finds No Misconduct or Illegal Activity in Costly Renovations
A new report by the Federal Reserve’s independent inspector general concluded that a nearly $2.5 billion construction project was poorly managed but made no referrals to the U.S. attorney general.
Read at NYT Business → - ABC News Politics·10h agoNo criminal wrongdoing in Federal Reserve building renovation, watchdog says, but it was mismanaged
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
Read at ABC News Politics →
