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Fed watchdog finds bank mismanaged headquarters renovation
Original: Fed watchdog says bank mismanaged renovation
A Federal Reserve internal watchdog has concluded that the central bank mismanaged the costly renovation of its headquarters, according to reports carried by US news outlets. The finding has fueled criticism of the Fed's spending oversight and renewed political scrutiny of the project's ballooning budget.
Why now: The critical report draws fresh attention to the Federal Reserve's expensive and politically contentious building overhaul.
Federal ReserveFederal Reserve Inspector General
Evidence
- Fed watchdog says bank mismanaged renovation · nwaonline.com
- Fed watchdog says bank mismanaged renovation · The Arkansas Democrat-Gazette
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