✉news BusinessBanking first seen 7 h ago, last 24 min ago, peak #4
Fed watchdog finds renovation failures, no criminal referral
Original: Fed watchdog finds renovation failures, but no grounds for criminal referral
A Federal Reserve internal watchdog has concluded that failures occurred in a Fed renovation project, but determined there are no grounds for a criminal referral. The finding means missteps in the costly headquarters overhaul will not be pursued criminally, though questions about oversight and spending are likely to keep drawing scrutiny from lawmakers and the public.
Why now: Fresh findings about mismanagement in the Fed's expensive headquarters renovation are newly public.
Federal ReserveFederal Reserve Office of Inspector General
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