✉news BusinessBanking first seen 8 h ago, last 29 min ago, peak #6
Watchdog finds no Fed misconduct in Powell-era renovation
Original: Watchdog finds problems but no Fed misconduct in Powell-era renovation project
A watchdog review of the Federal Reserve's headquarters renovation overseen during Jerome Powell's tenure found problems with the project but no misconduct by the Fed. The findings close out scrutiny of a remodeling effort that drew criticism over its cost. The review pointed to flaws in how the project was handled while clearing officials of wrongdoing.
Why now: The renovation became politically contentious over its cost, and the watchdog's clearance of Powell is fresh news.
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Evidence
- Watchdog finds problems but no Fed misconduct in Powell-era renovation project · Tacoma News Tribune
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