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Fed watchdog finds no criminal violations in renovation overruns
Original: Federal Reserve watchdog finds no criminal violations for building renovation cost overruns https://www. theguardian.com
The Federal Reserve's internal watchdog has concluded that no criminal violations occurred in connection with the central bank's headquarters renovation, which drew scrutiny over escalating cost overruns. The finding rebuffs criticism from Donald Trump and his administration, who had seized on the renovation budget to attack Fed chair Jerome Powell and press for rate cuts and leadership changes.
Why now: Trump allies have used the renovation cost overruns to justify attacks on Fed chair Jerome Powell, so the watchdog's finding is politically significant.
Federal ReserveJerome PowellDonald Trump
Evidence
- Federal Reserve watchdog finds no criminal violations for building renovation cost overruns https://www. theguardian.com/business/2026/ sep/30/federal-reserve-watchdog-building-renovation # FederalReserve # DonaldTrump # JeromePowell # TrumpAdministration # UsEconomy # Business… · theguardian_us_news@halo.nu · 2
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