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Watchdog finds Fed mishandled headquarters renovations at center of Trump-Powell feud
Original: Watchdog finds Fed mishandled renovations that Trump tried to oust Powell over
A federal watchdog has concluded that the Federal Reserve mishandled the costly renovation of its Washington headquarters, the project President Trump cited this summer as grounds to try to remove Chair Jerome Powell. The finding gives partial vindication to Trump's criticism while stopping short of justifying the attempted ouster, which drew alarm over Fed independence. Officials and lawmakers are weighing what the report means for oversight of the central bank.
Why now: The report lands amid ongoing tensions between the White House and the Fed over Powell's leadership and the central bank's independence.
Federal ReserveJerome PowellDonald TrumpWashington
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- Watchdog finds Fed mishandled renovations that Trump tried to oust Powell over · The Washington Post
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