✉news BusinessBanking first seen 1 d ago, last 11 h ago, peak #3
Watchdog finds no criminality in Fed renovation scrutinized by Trump
Original: Watchdog finds no criminality in Fed renovation that drew Trump’s scrutiny
A watchdog review has concluded there was no criminal conduct in the Federal Reserve's headquarters renovation project, which President Trump had publicly criticized and used to pressure Fed Chair Jerome Powell over cost overruns. The finding undercuts claims that mismanagement of the project amounted to wrongdoing, and is drawing attention amid ongoing disputes between the White House and the central bank over rates and Fed independence.
Why now: The finding directly undercuts Trump's public criticism of Powell and the Fed at a time of tension over interest rates.
Federal ReserveDonald TrumpJerome Powell
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