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Inspector General

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    Fed watchdog finds no misconduct in $2.5 billion headquarters renovation▼Breaking News: The Federal Reserve’s independent watchdog found no misconduct associated with the central bank’s nearly $2.5 billion project to overhaul its headquarters in Washington, D.C.✉newsBusinessBanking29 min ago

    The Federal Reserve's independent internal watchdog concluded there was no misconduct linked to the central bank's roughly $2.5 billion project to overhaul its Washington, D.C. headquarters. The finding closes out scrutiny of a renovation that had drawn criticism from politicians and the public over its rising costs, with the inspector general finding no wrongdoing associated with the expensive building project.

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    Fed's inaction let information security risks fester, watchdog finds▼Fed’s ‘collective lack of action’ let info security risks fester: OIG Governance of the central bank’s information securMmastodonBusinessBanking229 min ago

    The Federal Reserve's Office of Inspector General reports that unclear governance of the central bank's information security program and weak enforcement of controls allowed a 2024 security incident to remain unresolved for over a year. The review cites a 'collective lack of action' across the institution, raising questions about accountability and oversight at the US central bank.

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    Appellate court rules on protective order in OIG records dispute●Appellate court decides on protective order in OIG records case✉newsWorldLaw & Courts48 min ago

    An appellate court has issued a decision on a protective order in a case involving Office of Inspector General records, according to WBAL-TV. Protective orders in such cases typically determine which government oversight documents can be kept sealed or withheld from public view during litigation. The specifics of the ruling, including the parties involved and the court's reasoning, were not detailed in the available report.

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    A protective order has been requested in a legal case involving Baltimore's Office of the Inspector General and its records, according to WBAL-TV. The filing seeks to restrict public access to materials at issue in the dispute over the OIG's documents. Details about the parties involved and the specific records remain limited, and it is not yet clear how the court will rule on the request.

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    WSJ declares an end to the Fed building renovation fiasco▼The End of the Fed Building Fiasco https://www.wsj.com/opinion/federal-reserve-building-inspector-general-report-jerome-MmastodonBusinessFinance412 h ago

    A Wall Street Journal opinion piece argues the controversy over the Federal Reserve's headquarters renovation is over, following an inspector general report touching on Chair Jerome Powell. The article also references Kevin Warsh, suggesting the episode has implications for Fed leadership. The op-ed frames the long-running criticism of the building project's cost and oversight as having run its course.

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    A watchdog review has concluded that the Federal Reserve mishandled a renovation of its headquarters building, but found no violation of rules or law. The findings address long-running criticism of cost overruns and management of the project, while stopping short of blaming the central bank for wrongdoing.

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    Fed watchdog clears Powell in renovation review despite problems found▼Watchdog finds problems but no Fed misconduct in Powell-era renovation project✉newsBusinessBanking10 h ago

    A Fed inspector general reviewed the central bank's headquarters renovation overseen under Chair Jerome Powell and found management and oversight problems, but concluded there was no misconduct by Powell or Fed officials. The findings close out scrutiny of the costly project, which had drawn criticism and accusations of extravagance from political opponents of the Fed chair.

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    Fed watchdog finds mismanagement, no crimes in $2.4B renovation▼Fed watchdog finds no crimes in $2.4B building renovation, only mismanagement✉newsWorldPolitics11 h ago

    A federal watchdog has concluded its review of the Federal Reserve's $2.4 billion headquarters renovation, finding no criminal wrongdoing but citing mismanagement in the project. The findings are being reported by ABC News, Spectrum News and local broadcasters. The costly overhaul drew intense political scrutiny after President Trump accused the Fed chair of overspending, making the inspector general's conclusions a focal point in the dispute.

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    Fed Watchdog Clears Costly Headquarters Renovations of Misconduct▼Fed’s Watchdog Finds No Misconduct or Illegal Activity in Costly Renovations✉newsBusinessBanking12 h ago

    The Federal Reserve's internal watchdog has concluded that no misconduct or illegal activity took place in connection with the central bank's expensive headquarters renovations. The findings come after scrutiny of the project's rising costs, which had drawn criticism from lawmakers and the public. Supporters of the review say it confirms the project followed proper procedures, while critics continue to question the scale of spending on the buildings.

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    Fed Watchdog Finds No Criminality in Headquarters Renovations▼Fed’s Watchdog Finds No Evidence of Criminality in Renovations✉newsBusinessBanking15 h ago

    The Federal Reserve's internal watchdog has concluded there is no evidence of criminal conduct in the central bank's headquarters renovation project. The findings close out questions that had been raised about cost overruns and spending on the building work. The inquiry's outcome may defuse criticism from lawmakers who had seized on the renovations as a symbol of waste at the Fed.

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    Trump names new Education inspector general amid leadership turmoil▼Trump’s new Education IG nominee continues dizzying run of leadership changes at the watchdog office✉newsLifeEducation18 h ago

    President Trump has put forward a new nominee for inspector general at the Department of Education, the latest in a rapid series of leadership changes at the agency's watchdog office. The nomination extends a stretch of turnover that has raised questions about stability and independence at the office responsible for oversight of federal education programs.

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    Watchdog finds no misconduct in Fed building renovation●No ‘misconduct’ in Fed building renovation, watchdog finds✉newsBusinessBanking18 h ago

    A watchdog review has concluded there was no misconduct in the Federal Reserve's headquarters renovation, a project that has drawn political scrutiny over its cost. The finding pushes back on claims that officials acted improperly in the building's upgrade, though the project's price tag remains a point of public debate.

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    Fed watchdog finds no criminal wrongdoing in Powell renovation costs●Shocking, I know. US Fed watchdog finds no criminal wrongdoing in Powell-era renovation costs https://www. aljazeera.comMmastodonWorldUS Politics420 h ago

    A US Federal Reserve inspector general has found no criminal wrongdoing in the cost overruns surrounding the central bank headquarters renovation overseen during Jerome Powell's tenure. The finding comes after months of criticism from President Trump and allies, who used the expensive renovation to attack Powell and justify pressure on the Fed. Supporters of Powell see the report as vindication; critics remain skeptical.

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    Fed watchdog clears central bank in headquarters renovation review●Watchdog finds no evidence of misconduct by Fed in HQ renovation✉newsBusinessBanking21 h ago

    A Fed inspector general's review found no evidence of misconduct by the Federal Reserve in its costly headquarters renovation, according to Politico. The findings come after criticism from the Trump administration and allies, who had alleged the project was wastefully extravagant and cited it among reasons to challenge Fed Chair Jerome Powell. The probe's conclusion undercuts those accusations.

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    Watchdog finds mismanagement but no crime in Fed renovation●No criminal wrongdoing in Federal Reserve building renovation, watchdog says, but it was mismanaged✉newsBusinessBanking21 h ago

    A Federal Reserve inspector general's review has concluded that the central bank's headquarters renovation in Washington was mismanaged, but found no evidence of criminal wrongdoing. The findings settle questions raised over cost overruns and oversight of the high-profile building project, with the watchdog faulting management practices while clearing officials of illegal conduct.

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    Fed Watchdog Releases Audit of Headquarters Building Cost Overruns●Fed Watchdog Releases Long-Awaited Audit of Building Cost Overruns✉newsBusinessBanking22 h ago

    The Federal Reserve's inspector general has published a long-delayed audit examining cost overruns on the central bank's headquarters renovation, a project whose rising price tag has drawn criticism from lawmakers. The report is expected to detail how spending climbed well beyond initial estimates and what oversight failures contributed to the increases.