✉news BusinessBanking first seen 17 h ago, last 13 h ago, peak #11
Watchdog clears Fed renovations of criminal misconduct despite Trump probe
Original: Watchdog finds no criminal misconduct over US Fed renovations despite Trump probe
A government watchdog has concluded there was no criminal misconduct in the renovation of the US Federal Reserve's headquarters, closing out a review launched at President Trump's urging. The findings undercut claims that cost overruns at the project amounted to wrongdoing. The dispute had fueled Trump's public attacks on Fed Chair Jerome Powell and fed into his push for greater control over the central bank.
Why now: The ruling touches the ongoing fight between Trump and the Federal Reserve over Powell's leadership and the bank's independence.
US Federal ReserveDonald TrumpJerome Powell
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