✉news BusinessBanking first seen 13 h ago, last 6 h ago, peak #25
Fed Watchdog Finds No Criminality in Headquarters Renovations
Original: Fed’s Watchdog Finds No Evidence of Criminality in Renovations
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.
Why now: The inspector general's conclusion resolves a politically charged controversy over the Fed's expensive headquarters renovation.
Federal ReserveFed Office of Inspector General
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Evidence
- Fed’s Watchdog Finds No Evidence of Criminality in Renovations · Bloomberg.com
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