✉news BusinessBanking first seen 8 h ago, last 7 h ago, peak #7
Fed watchdog clears Powell over headquarters renovation project
Original: Watchdog finds deficiencies but no Fed misconduct in Powell-era renovation project
An internal watchdog has found no misconduct by Federal Reserve Chair Jerome Powell in connection with the central bank's costly headquarters renovation, though the review did identify deficiencies in how the project was handled. The findings come after criticism of the renovation's price tag, which had been used by Powell's opponents to question his leadership.
Why now: Renovation costs have been a focal point of political attacks on Powell, so the watchdog's clearance is timely news.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/513143