Mmastodon BusinessBanking first seen 3 h ago, last 2 h ago, peak #5

Fed watchdog blames mismanagement in $2.5B headquarters renovation

Original: Fed watchdog finds mismanagement, not criminality, in $2.5B renovation The Fed should establish a guaranteed maximum pri

The Federal Reserve's internal watchdog found that cost overruns in the central bank's $2.5 billion headquarters renovation stem from mismanagement rather than criminal conduct. The Office of Inspector General recommended the Fed establish a guaranteed maximum price for the project, which is now several years in and well over its original budget.

Why now: The report casts fresh scrutiny on a costly, long-running public project just as the Fed faces heightened political attention.

Federal ReserveOffice of Inspector General

Open on mastodon →

Rank over time, top of the chart is #1. 3 snapshots from 3 h ago to 2 h ago.

Evidence

• Fed watchdog finds mismanagement, not criminality, in $2.5B renovation The Fed should establish a guaranteed maximum price for its renovation project, which is now several years in, the OIG said. https://www. bankingdive.com/news/fed-watch… · AlexJimenez@mas.to · 1

API: https://socialmediatrends-api.osmike.com/v1/trends/756625